Impressive Growth for PDD Holdings
PDD Holdings, the parent company of Temu, has experienced a remarkable 59% increase in annual sales, totaling 50.1 billion euros in 2024. This impressive performance reflects the growing popularity of its platforms and products.
Despite the strong annual growth, PDD Holdings noted a slowdown in Q4 growth, which came in at 24%. This indicates potential challenges as they navigate market fluctuations. Overall, the company’s substantial growth highlights its competitive position in the industry.
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