E-commerce Market Insights: PDD Holdings Slow Gross Sales Growth - Business

PDD Holdings report slow gross_sales Growth

PDD Holdings ( PDD ) experience a decline in its stock after disclosure slow - than - expect gross_sales growth in the second one-fourth . The China - establish company , which own Temu and Pinduoduo , warn of potential challenge affect future gross growth.

In its latest fiscal report , PDD Holdings unwrap net_income of 23.24 yuan per American depository share from gross_sales of 97.06 billion yuan , equation to 3.64 billion . This figure hide short of analyst ' expectation of 20.43 yuan per share on gross_sales of 100.2 billion yuan , or 4.1 billion . Despite a 122 % addition in adjust net_income and an 86 % rise in gross_sales year - over - year , the gross_sales growth rate proverb a luminary slowdown from the previous quarter.

 In a statement , PDD Vice President of Finance Jun Liu express concern see the escalate competition and external challenge that could impact gross growth and profitability.

E-commerce Market Insights: PDD Holdings Slow Gross Sales Growth

analyst predict continue growth for vitamin_E - commerce Giant

market analyst expect strong net_income growth for PDD Holdings as it fix to release its second - one-fourth report . The company 's stock billow stopping_point year , drive by the success of its vitamin_E - commerce platform Temu and Pinduoduo , which have been boom in the market.

Amid concern about the Chinese economy and regulative issue , PDD stock confront challenge at the beginning of the year but pull_off to bounce back with robust net_income growth . analyst undertaking a 95 % addition in net_income per share and a 92 % rise in gross_sales for the second quarter.

 One key factor to watch is PDD 's gross_sales and selling expense , which have been a significant investing for the company to fuel its growth.

challenge and growth prospect for Pinduoduo

Pinduoduo , the domestic vitamin_E - commerce platform under PDD Holdings , confront reverse as reduce consumer spending affect its gross . The company 's focus on offer competitive monetary_value and discount attract cost - conscious consumer , but it fight to compete with major rival in the market.

 Despite the challenge , PDD remains perpetrate to investing in trust and safety on its platform , support high - quality merchant , and enhance the overall merchant ecosystem.

Market Response and Future Outlook

The disappoint gross consequence light-emitting_diode to a 15 % drop in PDD Holdings ' stock in pre - market trading . With a timid mentality on gross growth and profitableness due to increase competition and external challenge , the company is gearing up to address these issue and prolong its growth trajectory in the vitamin_E - commerce sector.