Temu Parent Company PDD Holdings Posts 2Q Miss, Analysts Say Long-Term Investments Hurt Short-Term Profitability
1. PDD's Q4 revenues fell short of expectations by RMB 6 billion. 2. Analysts maintained Buy ratings despite short-term profitability concerns. 3. Transaction revenue grew but missed consensus due to Temu's business model shift. 4. Investors worry about PDD's investment in ecosystem impacting immediate profits. 5. Shares dropped 2.90% following the earnings report.