# PDD posts second-quarter revenue miss as e-commerce competition rises

_Monday, August 24, 2026 at 12:05 PM EDT · Products · Latest · Tier 2 — Notable_

PDD, owner of Temu and Pinduoduo, reported second-quarter revenue of about $16.72 billion, up 8.1% year over year but below an estimate of roughly $17.17 billion. Net profit fell 12% to about $4.04 billion, above a roughly $3.63 billion estimate. The Wall Street Journal summary said rising competition from livestreaming and social e-commerce is challenging PDD's market position.

## Sources

- [Techmeme](https://www.techmeme.com/260824/p23#a260824p23)

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