PDD Holdings $PDD released their earnings yesterday and they were mind blowing. You may remember PDD’s US offering in the form of Temu. How could you miss the 4 separate commercials they ran before/during/after Super Bowl.

Recently Temu has been in the news for scaling back in the US. After reviewing the earnings (largely China based results) and seeing the quotes from the PDD leadership, I don’t believe that to be the case.

“Rather than focusing on short-term results, we prioritize long-term value creation and remain committed to further deepening our
investments in the future.”

Unfortunately PDD doesn’t break out Temu from rest of results but I thought the below quote from the Co-founder and Chairman to be quite interesting.

“Global business is still in a exploration stage, and there’s plenty of room for improvement.”