Temu-owner PDD reports Q1 revenue up 10% YoY to ~$13.3B, below ~$14.4B est., and says it is fulfilling US orders exclusively via local warehouses and merchants (Luz Ding/Bloomberg)

Luz Ding / Bloomberg:
Temu-owner PDD reports Q1 revenue up 10% YoY to ~$13.3B, below ~$14.4B est., and says it is fulfilling US orders exclusively via local warehouses and merchants  —  The company reported revenue of 95.7 billion yuan ($13.3 billion), falling shy of the average analyst estimate of 101.6 billion yuan, for the quarter ended March.