Chinese e-commerce The company PDD holdings hit 47% of the net profit in the first quarter, 14.7 billion (R36.6 billion), strongly suffering from strong local competition and the international business of global trade.
The company’s listed shares fell from 19% in trade before the market.
PDD’s mass subspace Miss, weaker than the expected operation margin, probably affected by US tariffs, “said Mscience Analyst Vinci Zhang.
Despite the deep price cutting to increase retail and government stimulus, a long-term property crisis in the world’s second largest economy has shadowed consumer spending in PDD’s PDD Pinduodia.
“Internal domestic consumption is associated with intensive competition and global trading,” he said. “High costs reflect strategic presentation activities and advertising costs to support merchant sales. This aims to support the long-term ecosystem of the platform, but a nearby profitability.”
China’s largest online e-commerce platforms – Alibaba, Pinduodu and JD.com – consumers climbed for more share of the domestic market, which lasted a long time to deceive the wallets.
Was tatruff
Alibaba’s quarterly revenues also kidnapped calculations, although JD.com, a government trading scheme, focused on the strongest categories, including home appliances and electronics.
Meanwhile, a tat-tat tariff increase in the throne between the couch between the United States and China, followed by a temporary 90-day escalation, created a widespread uncertainty for global work.
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“Radical change in foreign policy environments such as tariffs,” said PDD President and Co-CEO Chen Lei, spoke to analysts in the aftermost call.
This month, the United States has reduced the tariff rates for goods worth $ 800 in previous US $ 800 de minimis Freedom of trade used by Temu to prevent tariffs and keep prices down.
“Our global business is working with merchants to strengthen our transactions in the regions, stable prices and the markets we have in the markets,” Chen said that Temu will not want to increase prices in the face of tariffs and strategic change to see more orders by local merchants.
According to LSEG, on March 31, the income for the CDD 95.7 billion reported 95.7 billion information on March 31. – Arseena Bajwa and Casey Hall, (c) 2025 Reuters
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