News

Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its ...
U.S. Tariffs, Competition in China Hit Temu Owner PDD
PDD, the Chinese parent of popular bargain online seller Temu, said its profit dropped nearly 50% in the first quarter, as a ...
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 ...
Temu owner’s shares drop as profits are cut in half by Trump tariffs — CEO blames ‘radical change’
Temu’s business model has been hammered by President Trump’s tariffs, including his end to the de minimis exemption, which allowed overseas fast-fashion firms to ship low-value packages into the ...
Temu-owner PDD Holdings misses revenue estimates as it faces challenges at home and abroad
Chinese e-commerce firm PDD Holdings missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic ...
Temu, Pinduoduo owner PDD faces profit challenge amid Trump tariffs, domestic competition
Macroeconomic uncertainties and significant investments in the ecosystem' are expected to continue affecting PDD's earnings ...