PDD Holdings (PDD) Q2 FY25 earnings call

PDD Holdings reported moderated revenue growth and a significant decline in operating profit in Q2 FY25, reflecting substantial investments in its 100 billion support program aimed at strengthening the merchant ecosystem and driving high-quality development. The company prioritizes long-term value creation over short-term financial results, expecting continued profitability fluctuations as it navigates intensified competition and expands its global business and total grocery operations.