Temu parent PDD's market cap closes in on Alibaba after revenue doubles

Chinese e-commerce operator labels short seller Grizzly's claims as 'baseless'

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Chinese e-commerce giant PDD Holdings' market cap is approaching that of compatriot Alibaba Group Holding, after the company's revenue soared 93% in the July-September quarter to 68.84 billion yuan ($9.66 billion).

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