Temu parent PDD Holdings will report its second quarter earnings early Monday. Analysts expect the China-founded e-commerce giant to continue a run of big earnings growth.

PDD Holdings shares rose 1.1% in premarket trading.

Analysts expect PDD's earnings per share to grow 95% in local currency to 20.43 yuan per share, according to FactSet. Sales are seen growing 92% to 100.2 billion yuan, or $14 billion.

PDD has not disclosed sales figures for Temu. Analysts with Morgan Stanley forecast in July that Temu would reach $53 billion in global gross merchandise value, up from $19 billion in 2023.

One number to watch is PDD's sales and marketing expenses. PDD spent billions last year on advertising to help power Temu's growth. Analysts are projecting that sales and marketing expenses for PDD grew 62.5% year-over-year to $3.9 billion in the second quarter. Spending on the category increased 44% to $3.2 billion in the first quarter.