#hkstartups
PDD（拼多多和 Temu 母公司）報告第三季營收達 $152 億美元，按年增長 9%；淨利潤增至 $41 億美元，升幅達 17%，表現優於預期。儘管美國關稅壓力持續，中資電商平台仍展現彈性增長力。
**Why it matters**: PDD’s global expansion—especially Temu—is working, even amid geopolitical friction.
**The big picture**: Chinese e-commerce giants are adapting fast and continuing to thrive globally.
Full article https://investor.pddholdings.com/news-releases
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#hkstartups
小米第三季業績亮眼，營收升 22.3% 至約 $159 億美元，雖稍低於預期，但淨利潤升幅驚人，年增 80.9% 至 $15.9 億美元，主要受惠於 AI 與電動車業務急增。小米正積極轉型為智能硬體及新能源科技公司。
**Why it matters**: Xiaomi’s diversification into AI and EVs is proving highly profitable.
**The big picture**: As smartphone growth slows, Chinese tech giants are finding new lifelines in green and intelligent tech.
Full article https://www.mi.com/global/investor/financials
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