PDD Holdings, the parent company of the popular shopping app Temu, reported a strong 86% year-over-year revenue growth for the second quarter of 2024, but the $13.36 billion figure fell short of analyst expectations. Despite the revenue miss, the company exceeded earnings estimates and saw significant growth in online marketing services and transaction services. However, PDD Holdings acknowledged challenges ahead due to intensified competition and external factors, indicating a potential slowdown in future growth.