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Temu's Chinese owner 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 ...
US tariffs on China have been lowered for the next 90 days, but China’s popular Temu shopping site has already made changes. Here’s what they are. We’ve been hearing warnings for two months now about ...
Temu on Friday said it has stopped shipments ... speedy deliveries of $5 shirts and $10 dresses, so has usage of the de minimis rule. A massive 1.36 billion shipments made their way into the ...
If passed on exactly to consumers, a $10 T-shirt could go up to $22 while a $ ... In this May 2, 2023, file photo, TEMU and SHEIN apps are shown on the screen of a smartphone.
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. She has four shirts in her cart right now and ...
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules. By Peter Eavis and Julie Creswell A loophole that has allowed ...
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 ...
Shein and Temu mostly ship directly from their Chinese ... why they have been able to charge lower prices, like $10 for a shirt or $30 for a dresser. The mass appeal from those cost savings ...
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