Online & Digital

Temu owner sales rocket 131% in Q1

Sales more than doubled largely due to an increase in revenues from its online marketing services and transaction services

The owner of Temu, PDD Holdings, has welcomed a strong first quarter of trading as sales rocketed 131% to RMB86.8bn (£9.4bn), up from RMB37.6bn (£4bn) the prior year. 

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