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Business Summary: PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses.
Financial Summary: BRIEF: For the three months ended 31 March 2024, PDD Holdings Inc - ADR revenues increased from RMB37.64B to RMB86.81B. Net income increased from RMB8.1B to RMB28B. Revenues reflect Transaction services increase from RMB10.39B to RMB44.36B, Online marketing services increase of 56% to RMB42.46B. Net income benefited from Interest income increase from RMB1.46B to RMB5.05B (income), Other income, net increase of 53% to RMB1.88B (income).