MELANY's data-driven read on PDD Holdings Inc..
PDD Holdings operates commerce businesses globally, with main operations in Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace; it also runs a community group purchase business in China. The company has built a network of sourcing, logistics, and fulfillment capabilities to support these businesses and has started a first-party brand business for global markets.
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