E-commerce Chinese e-commerce discounter PDD Holdings reported a fall in second-quarter profit on Monday and revenue that missed market estimates as fierce competition in China and mounting regulatory pressure overseas weighed on growth. The operator of Pinduoduo in China and Temu internationally said revenue rose 8 per cent to 112. 7 billion) in the three months ended June 30, below analysts’ average estimate of 116. 2 billion yuan from a year earlier, but adjusted earnings per American Depositary Share of 19. com and ByteDance-owned Douyin through discounts, subsidies and incentives aimed at attracting consumers and merchants.