Has Temu-Owner PDD’s Story Changed After Double Miss?
PDD (NASDAQ:PDD) reported second-quarter 2026 revenue growth of 8% as the e-commerce company continued to increase investment in platform governance, merchant support, supply-chain development and rural logistics
Net income declined as those investments weighed on profitability. Revenue for the quarter ended June 30 was RMB112.4 billion, while net income attributable to ordinary shareholders was RMB27.2 billion, down 12% from a year earlier. Co-Chairman and Co-Chief Executive Officer Zhao Jiazhen said the company’s performance remained steady, but that continued investment in its platform and broader industry ecosystem affected quarterly results.
Revenue Growth Led by Transaction Services – MarketBeat Week in Review – 03/30 – 04/03 Financial Director Jiong Li said transaction-services revenue increased 13% year over year to RMB54.7 billion. Revenue from online marketing services and other sources was RMB57.6 billion, compared with RMB55.7 billion in the same quarter of 2025. Total cost of revenue rose 5% to RMB48 billion.