10:15 ET -- PDD Holdings is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. PDD reported third-quarter earnings of 11.61 Chinese yuan ($1.64) a share on revenue of 68.8 billion yuan ($9.7 billion), exceeding estimates of analysts surveyed by FactSet, who expected earnings of 8.95 yuan a share on revenue of 55.2 billion yuan. PDD owns discount online retail platforms Pinduoduo in China and Temu internationally, making it a rival to dominant Chinese e-commerce player Alibaba as well as tech giant Amazon. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)


(END) Dow Jones Newswires

11-28-23 1030ET