PDD Holdings reported second-quarter revenue of 112.36 billion yuan ($16.71 billion).
This 8% revenue increase fell short of the 116.35 billion yuan average analyst estimate compiled by LSEG.
Net income attributable to ordinary shareholders decreased 12% to 27.2 billion yuan.
The company operates the Pinduoduo platform in China and Temu internationally.
Intense domestic price competition and overseas regulatory hurdles weighed on the results.
Weak consumer confidence in the Chinese market continues to pressure profit margins.