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Chinese owner of Temu sees profits plunge as trade war bites
PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump's trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday,
Temu-owner PDD Holdings profit dives as it faces challenges amid trade war
Chinese e-commerce firm PDD Holdings PDD.O saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its international business was hit by global trade uncertainty.
A MUM has been left in hysterics after her recent shopping experience with Temu went horribly wrong. Whether it’s last-minute ...
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Temu and Shein customers in the US are reeling, but they say they have no other choiceRena Scott, a retired registered nurse in Virginia, usually has 10 to 12 active Temu orders at any given time. The 64-year-old has bought almost anything you can think of from the Chinese website.
I would buy at Temu because it was affordable and they have alot of cute stuff for decorations, art supplies, phone cases, shirts, cleaning supplies etc. I honestly want to cry," someone else ...
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