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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 per cent to 14.74 billion yuan (US$2.05 billion) as its domestic platform suffered from intense local competition and its international business was hit by global trade uncertainty.
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.
PDD’s stock tumbled as investments to fend off tariffs and competition led to a big miss in quarterly earnings.
2hon MSN
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 parent PDD Holdings is taking strain at home while its international business has been hit by global trade uncertainty.
While the Trump administration announced a temporary trade deal Monday slashing tariffs on Chinese goods, the rules on de ...
The shift in spending comes as Temu and Shein face a hefty tariff from the US, forcing them to hike prices and halt shipments ...
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.
WASHINGTON (AP) — Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped ...
Las acciones de PDD Holdings Inc., propietaria de Temu, se desplomaron en EE.UU. después de que sus ventas y ganancias trimestrales no alcanzaran estimaciones, lo que pone de relieve cómo las ...
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