PDD Holdings (PDD) has released an update.
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PDD Holdings reported a significant 44% rise in total revenues for the third quarter of 2024, reaching RMB99,354.4 million, driven by strong growth in online marketing and transaction services. Operating profit surged by 46% to RMB24,292.5 million, while net income attributable to shareholders saw a 61% increase. The company remains committed to investing in its platform ecosystem amidst external challenges and competition.
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