uncertainty

PDD’s stock sinks 25% after profit warning despite record revenue in June quarter

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PDD’s stock sinks 25% after profit warning despite record revenue in June quarter

PDD Holdings’ stock plunged 25 per cent on Monday after it warned of uncertainty ahead and downward pressure on profits amid increasing competition, despite reporting record revenue for the second quarter. The parent company of domestic online e-commerce platform Pinduoduo and cross-border retailer platform Temu saw its revenue reach a record 97 billion yuan (US$13.6 … Read more

‘Uncertainty looms over INDIA bloc as Congress-SP seat-sharing talks hit a wall’: Sources – The Economic Times Video

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‘Uncertainty looms over INDIA bloc as Congress-SP seat-sharing talks hit a wall’: Sources – The Economic Times Video

Seat-sharing talks between Congress and Samajwadi Party hits a wall casting a serious shadow on INDIA Bloc’s future. The talks had been going on between the two parties for over a month, but the finalisation of the deal seems uncertain. Congress general secretary KC Venugopal briefed the media that discussions are ongoing, and talks will … Read more