JD.com revenue falls 2.9% as investors sell shares
JD.com reported a 2.9% year-on-year revenue decline to 346.4 billion yuan in the June quarter even as adjusted net profit rose 20.8% to 8.9 billion yuan.
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PDD Holdings falls 5%
PDD Holdings' earnings miss outweighs revenue growth, causing stock to decline. The company's revenue increased, but failed to meet earnings expectations.