HONG KONG -- PDD Holdings, the parent of bargain shopping apps Pinduoduo and Temu, has again surpassed rival Alibaba Group Holding in market capitalization, becoming the most valuable Chinese company listed in the U.S. after earnings for the March quarter massively beat expectations.
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Temu parent PDD tops Alibaba's market cap again on big earnings
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First-quarter earnings for Temu parent PDD Holdings beat analyst estimates. © Reuters
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