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2026-03-26 08:15:08 Chinese e-commerce platform Pinduoduo (PDD.US) announced its results for the fourth quarter of last year. The quarterly net profit fell by 11% year-on-year to RMB24.541 billion, with quarterly EPS at RMB16.51, adjusted to RMB17.69, which was below the market expectation of RMB20.76, affected by rising operating expenses. Quarterly revenue increased by 12% year-on-year to RMB123.9 billion, slightly below the market expectation of RMB124.4 billion. According to a Reuters report, Pinduoduo's Co-CEO Chen Lei stated during the earnings call with analysts that trade policies, tax systems, data regulations, product compliance requirements, and other regulatory frameworks in various countries and regions are undergoing significant changes, inevitably bringing greater challenges and uncertainties. Pinduoduo's Vice President of Finance, Liu Jun, mentioned that to meet changing customer demands, the company must continue to explore and invest. Stimulated by the reposting of the commentary article 'The Food Delivery War Should End' by the State Administration for Market Regulation, Pinduoduo's stock price rose 4.6% overnight (25th), closing at USD102.61. (fc/w)~ AASTOCKS Financial News Website: www.aastocks.com | |