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PDD Q2 Profit Falls 12% on Reinvestment and EU Tariffs Squeeze

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The Story

News Summary

  • PDD Holdings reported an 8% rise in Q2 revenue to RMB112.4 billion, but net income dropped 12% due to ecosystem reinvestments.
  • International operations face higher costs from incoming EU duties on low-value shipments, prompting shifts toward local merchant integration and supply-chain infrastructure.
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