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Chinese e-commerce company PDD Holdings missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic platform Pinduoduo suffered from weak consumer sentiment while its international business Temu was hit by uncertain global trade policies.
US-listed shares of the company fell close to 7 percent in premarket trading.
Despite deep price cuts from retailers and government stimulus measures to boost spending, a prolonged property crisis in the world’s second-largest economy…
