Temu Parent PDD's Results Beat Estimates Despite Tariff Exemption Loss
1. PDD surpassed Q2 earnings estimates despite tariff exemption expiration. 2. Q2 revenue rose 7% YoY to CNY103.98 billion ($14.51 billion). 3. Chinese stimulus for consumer goods supported PDD’s performance. 4. Competition is impacting revenue growth, with 10% increase in Q1. 5. PDD shares rose 3%, up nearly 40% so far this year.