Core Viewpoint - PDD Holdings is focusing on substantial investments in its platform ecosystem to support merchants and consumers, which has impacted short-term profitability but aims to strengthen long-term growth and sustainability [3]. Financial Performance - Total revenues for Q1 2025 were RMB 95,672.2 million (US$ 13,184.0 million), representing a 10% increase from RMB 86,812.1 million in Q1 2024 [5]. - Revenues from online marketing services increased by 15% to RMB 48,722.2 million (US$ 6,714.1 million) compared to RMB 42,456.2 million in Q1 2024 [8]. - Revenues from transaction services rose by 6% to RMB 46,950.0 million (US$ 6,469.9 million) from RMB 44,355.8 million in the same quarter of 2024 [8]. Cost and Profitability - Total costs of revenues increased by 25% to RMB 40,947.1 million (US$ 5,642.7 million) from RMB 32,694.7 million in Q1 2024, primarily due to higher fulfillment and payment processing fees [6]. - Operating profit decreased by 38% to RMB 16,085.6 million (US$ 2,216.7 million) from RMB 25,973.7 million in Q1 2024 [10]. - Net income attributable to ordinary shareholders fell by 47% to RMB 14,741.8 million (US$ 2,031.5 million) from RMB 27,997.8 million in the same quarter of 2024 [11]. Operating Expenses - Total operating expenses rose by 37% to RMB 38,639.5 million (US$ 5,324.7 million) from RMB 28,143.7 million in Q1 2024, mainly due to increased sales and marketing expenses [9]. - Sales and marketing expenses increased by 43% to RMB 33,402.7 million (US$ 4,603.0 million) from RMB 23,410.7 million in Q1 2024 [16]. Cash Flow and Assets - Net cash generated from operating activities was RMB 15,516.9 million (US$ 2,138.3 million), down from RMB 21,067.2 million in Q1 2024 [12]. - As of March 31, 2025, cash, cash equivalents, and short-term investments totaled RMB 364.5 billion (US$ 50.2 billion), an increase from RMB 331.6 billion as of December 31, 2024 [13]. Shareholder Metrics - Basic earnings per ADS were RMB 10.59 (US$ 1.46) and diluted earnings per ADS were RMB 9.94 (US$ 1.37), compared to RMB 20.33 and RMB 18.96 in Q1 2024 [12]. - Non-GAAP diluted earnings per ADS were RMB 11.41 (US$ 1.56), down from RMB 20.72 in the same quarter of 2024 [31].

PDD Holdings (PDD) is slated to report first-quarter 2025 results on May 27.For the first quarter, the Zacks Consensus Estimate for revenues is pegged at $14.17 billion, indicating growth of 17.82% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at $2.49 per share, suggesting a 12.01% decline from the prior-year quarter’s reported number.Image Source: Zacks Investment ResearchFind the latest EPS estimates and surprises on Zacks Earnings Calendar.PDD has an impressive ea ...

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PDD Holdings Inc. Sponsored ADR (PDD) closed the latest trading day at $117.38, indicating a -0.9% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.27%, and the Nasdaq, a tech-heavy index, lost 0.38%.The company's stock has climbed by 25.53% in the past month, exceeding the Retail-Wholesale sector's gain of 12.4% and the S&P 500's gain of 13.07%.The investment community will be paying close attention to the earnings performance of PDD Hold ...

DUBLIN and SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) -- PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the first quarter ended March 31, 2025, before U.S. markets open on Tuesday, May 27, 2025. The Company’s management will hold an earnings conference call at 7:30 AM ET on May 27, 2025 (12:30 PM IST and 7:30 PM HKT on the same day). The conference call will be webcast live at https://investor.pddholdings.com/investor-ev ...

Temu and Shein reportedly have an opportunity to restock their U.S. warehouses during a temporary reduction in tariffs.An agreement between the U.S. and China that was announced Monday (May 12) lowered tariffs on most Chinese imports from 125% to 30% for 90 days and lowered the tariffs on low-value packages from 120% to 54%, CNBC reported Tuesday (May 13).This temporary reprieve gives Temu and Shein a chance to adjust their supply chains while still fulfilling orders, according to the report.When the previo ...

Temu and Shein have just found themselves in a strange spot in the new 90-day reprieve in the trade war with China. President Trump has loosened the tariffs to 30% (down from 145%) as part of a plan to open the negotiations for a new trade deal. However, high tariffs remain on small packages shipped directly from China — the kind that Temu and Shein typically send.Until very recently, Temu and Shein benefited from the de minimis exception, a loophole that allowed for packages under $800 in value to ship wi ...

Core Viewpoint - The closure of the de minimis rule and the imposition of high tariffs on Chinese imports have disrupted the business models of Temu and Shein in the U.S. However, experts believe these e-commerce companies will continue to be significant players in the American online retail market [1][4]. Impact of Trade Policy - The de minimis rule, which previously exempted U.S. imports worth $800 from tariffs, has been closed for shipments from China, exposing Temu and Shein to tariffs as high as 120% or a flat fee that will increase from $100 to $200 [2][3]. - The removal of this exemption has led to rising prices on Temu and Shein, with Temu ceasing direct shipments from outside the U.S. altogether [3]. Competitive Strategies - Despite the challenges, experts assert that Temu and Shein have contingency plans and are capable of adapting to the new tariff environment [5][6]. - Both companies have been accelerating localization strategies, onboarding goods from American sellers to mitigate tariff impacts [7][8]. Pricing Dynamics - Prices on Shein have reportedly increased between 5% and 50% across various categories, with the most significant hikes in toys, games, and beauty products [13]. - Even with price increases, Temu and Shein may still offer products at significantly lower prices compared to competitors like Amazon, maintaining their price competitiveness [14][15]. Supply Chain Adaptability - Temu and Shein's success is attributed to their agile supply chains that quickly adapt to consumer trends, with Shein employing small-batch production to efficiently test and scale products [17]. - The companies utilize effective marketing strategies, including gamification and social media engagement, to maintain consumer interest and drive sales [20][21].

Temu has reportedly stopped shipping products from China directly to U.S. consumers due to the elimination of the de minimis exemption that had shielded small packages from U.S. tariffs.“This shift is part of Temu’s ongoing adjustments to improve service levels,” a Temu spokesperson told the Wall Street Journal (WSJ) in a report posted Friday (May 2).This marks a “dramatic shift” in the company’s business model, the report said.Temu had rapidly grown its business in the U.S. by sending small, inexpensive it ...

Temu on Friday said it has stopped shipments of cheap goods from China to the US as President Trump axed a trade loophole that allowed the fast-fashion giant to sidestep tariffs and customs checks.Its US website has shifted to offer only what it calls “local” items – or products that were shipped overseas in bulk and stored in US warehouses in a mad dash to beat Trump’s tariffs.“All sales in the US are now handled by locally based sellers, with orders fulfilled from within the country,” a Temu spokesperson ...