PDD Holdings Inc. $PDD, the parent company of the discount e-commerce platform Temu, recorded a significant downturn in its share price on the US market following an unexpected earnings miss for the latest quarter. The report revealed revenues at 95.7 billion Chinese yuan (CNY), equivalent to 13.3 billion USD, trailing below analysts’ consensus estimate of 101.6 billion CNY. Net profit came in notably weaker at 14.7 billion CNY compared to the forecasted 25.7 billion CNY. The disappointing results prompted a steep 18% decline in PDD’s American Depository Receipts (ADRs) after the opening bell on Tuesday in New York.