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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 domestic platform suffered from intense local competition and its international business was hit by global trade uncertainty.
PDD Holdings Inc. stock falls in premarket after reporting fiscal Q1 2025 results, missing revenue estimates and experiencing a decline in profitability due to investments in platform ecosystem.
Temu’s parent company, PDD Holding, saw shares fall about17% on Tuesday morning after reporting a major first-quarter ...
Tariffs and new rules raise costs for US shoppers on Shein and Temu, while Europeans enjoy relatively minor price increases.
Temu's owner PDD Holdings' net profit plunged 47 per cent year on year in the first quarter of 2025. Read more at ...
Since raising prices, there has been a notable decline in Temu’s US sales, Citi analysts said in a note earlier this month. Imports worth less than $800 faced a 120% tariff when Trump lifted the ...
The Manila Times on MSN1d
China's Temu owner sees profit plunge as trade tensions lingerChinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of the year as the Temu owner ...
It’s not just the US looking to put up walls to slow down China’s surge of cheap products. Australia may need to rethink its ...
Donald Trump's tariffs are poised to inflate prices on everyday goods, impacting American consumers. Major retailers like ...
Tariffs on imports from China, Mexico, and Canada are prompting U.S. retailers to raise prices on cars, clothing, food, and ...
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