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Pinduoduo Q3 2025 Financial Report: Operating Profit Turns Positive Year-over-Year for the First Time, Temu Losses Narrow
Economic Observer According to relevant information, no stock information under the name “Binqi” has been found. If referring to Pinduoduo (PDD), recent noteworthy events include: the Q3 2025 financial report showing operating profit achieving year-over-year growth for the first time, marking a turning point in profitability. During the earnings call, management stated that they will continue to invest in the platform ecosystem through a 10 billion yuan merchant support plan, and short-term revenue and profit growth may face pressure and quarterly fluctuations. Meanwhile, Temu’s losses continue to narrow, laying the foundation for profit growth in 2026-2027.