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PDD Holdings takes a profit hit in Q1 to shore up its merchant base

Rising costs reflect PDD’s deliberate choice to stabilize its ecosystem, even at the expense of short-term margins.

3 mins read
  • While profits are up, Meituan is bracing for volatility as rivals ramp up discounting and regulators tighten oversight.

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    Meituan had a strong Q1, but it may be the calm before the subsidy storm

    4 mins read

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