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Temu owner sees profit plunge

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 sharply different tariff environment in the U.S. added to challenges at home.

Insider on MSN · 18h

Temu's owner saw a nearly 40% profit slump, thanks in part to Trump's tariffs

PDD Holdings' CEO said "radical change in external policy environment, such as tariffs," has put pressure on its merchants and hurt its bottom line.

South China Morning Post on MSN · 2h

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 outlook, UBS analysts say.

10hon MSN

How Tariffs Are Reshaping the Resale Market (and How to Make the Most of It)

With all the confusion around tariffs and their implementation, increasing numbers of buyers have been turning to resale ...

Temu Parent PDD Does Not Mention Tariffs Impact, Blames 'External Environment' And 'Ecosystem Investments' For Profit Plunge

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.

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Temu owner sees profit plunge

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