PDD Holdings Q4 Results Mixed
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PDD HoldingsInvestor's Business Daily
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Technology
PDD Stock Falls As Temu Parent's Growth Slows Further
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Chinese e-commerce company PDD Holdings reported mixed fourth-quarter results early Thursday .
Earnings beat investor forecasts but sales fell short, as the company's growth rate slowed further from triple-digit levels at the start of last year .
PDD stock has gained 30% this year amid a rally for China tech stocks.
Amazon has launched a discount-focused challenger to Temu that operates with a similar direct-from- China model.
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