13:19 - 27.08.2024

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August 27, Fineko/abc.az. Chinese e-commerce platform Temu has taken the world by storm, captivating consumers with its affordable products and rapid global expansion.

According to ABC.AZ, the platform, owned by PDD Holdings, has recently disclosed its financial performance for the last quarter, shedding light on its remarkable growth and profitability.

According to the financial data released by PDD Holdings, Temu generated an impressive revenue of $13.64 billion in the second quarter of this year. While this figure fell slightly short of the anticipated $14 billion, it still represents an impressive 86% year-on-year growth.