PDD Holdings Stock Sinks as Temu Parent's Results Come Up Well Short
1. PDD shares plunged over 15% after disappointing Q1 earnings. 2. Net profit dropped by nearly half, missing analysts' estimates significantly. 3. Revenue rose only 10% year-over-year, also below expectations. 4. PDD Co-CEO cited investments weighing on short-term profitability. 5. Trade war pressures from tariff changes impact Chinese e-commerce firms.