pdd

PDD Holdings (NASDAQ: PDD) announced its unaudited financial results for the second quarter ended June 30, 2026. Total revenue for the quarter was 112.4 billion RMB (approximately 16.6 billion USD), an increase of 8% compared to 104 billion RMB in the same period of 2025, primarily driven by an increase in transaction service revenue. Among this, online marketing services and other revenue amounted to 57.6 billion RMB, and transaction service revenue was 54.7 billion RMB, a year-on-year increase of 13%.Operating profit was 27.8 billion RMB, an increase of 8% year-on-year; non-GAAP operating profit was 29.1 billion RMB, an increase of 5% year-on-year. Net profit attributable to ordinary shareholders was 27.2 billion RMB, a decrease of 12% year-on-year; non-GAAP net profit was 28.5 billion RMB, a decrease of 13% year-on-year. Basic earnings per American depositary share were 19.32 RMB, diluted at 18.45 RMB. Cash flow from operating activities was 25.7 billion RMB; as of the end of the quarter, cash, cash equivalents, and short-term investments totaled 456.4 billion RMB.Co-Chairman and Co-CEO Chen Lei stated that the evolving global trade and regulatory environment presents both challenges and opportunities, and the company will strive to build a platform that consumers can trust in the long term. Co-Chairman and Co-CEO Zhao Jiazhen mentioned that in the first half of the year, the company continuously strengthened ecological governance and promoted trust and safety measures, viewing compliance as a fundamental priority. Vice President of Finance Liu Jun stated that in the second quarter, the company increased its ecological investments, prioritizing support for merchants' development and strengthening the industry ecosystem to promote the platform's long-term sustainable development.

SK Hynix announced that it will officially begin mass production of 16Gb LPDDR6 low-power mobile DRAM in the second half of this year, with the first products set to be featured in Xiaomi's next-generation flagship smartphone. The product was developed in March and utilizes 10nm class sixth-generation (1c) technology, offering improvements in data processing speed and energy efficiency compared to the previous generation. SK Hynix has been supplying LPDDR products to Xiaomi since 2013, maintaining a long-term partnership.LPDDR is primarily used in mobile devices such as smartphones and tablets, combining low power consumption with high performance. Recently, driven by demand from AI servers, LPDDR prices have continued to rise, with contract prices increasing steadily, leading to a 64.5% quarter-over-quarter growth in global mobile DRAM revenue in the first quarter. SK Hynix and Samsung Electronics are ahead of Micron in preparing for the mass production of LPDDR6. Additionally, the mass production of LPDDR6 is expected to accelerate competition in the SO-CAMM (low-power memory module) market, which is seen as a complementary solution for AI server CPUs. NVIDIA CEO Jensen Huang visited the SK Hynix booth at the Taipei International Computer Show in June, leaving a message of "LOVE SOCAMM" for the 192GB SO-CAMM.

According to official news, the Gate stock derivatives section will launch on July 1 at 14:00 (UTC+8) with the debut of perpetual contracts for PDD (Pinduoduo), STRC (MicroStrategy Series A Perpetual Preferred Stock), TSEM (Tower Semiconductor), AAL (American Airlines), AMKR (Amkor Technology), ASX (ASE Technology Holding), MVLL (2x Long Mavis Daily ETF), FLEX (Flex Ltd.), and APD (Air Products and Chemicals) (settled in USDT), supporting 1-20 times leverage.