India, May 27 -- On Wednesday, PDD Holdings Inc. (PDD), a multinational commerce group, reported lower profit in the first quarter of 2026, ending March 31, which is attributable to investment loss, and higher expenses in marketing and Research & Development.
The net income attributable to ordinary shareholders for the first quarter went down to RMB12.54 billion ($1.8 billion) or RMB2.12 ($0.31) per share, from RMB14.74 billion or RMB2.49 per share. The adjusted net income attributable to ordinary shareholders for the first quarter was RMB14.18 billion ($2.1 billion) or RMB 2.12 ($0.31), compared to RMB17 billion. The decrease in profit is attributable to the presence of investment loss and higher expenses in marketing and research and dev...