Financial PerformanceNon-GAAP net profit increased by 126% YoY to RMB34.4bn, 14% ahead of consensus.
Market ExpansionPDD launched its overseas marketplace platform Temu in North America, and it has already expanded into more than 50 regions.
User GrowthAfter just two months since the Brazil station launched, Temu’s Brazil MAU already reached 19.4mn, very close to AliExpress’s 20.9mn.