PDD Holdings, the Chinese parent of popular bargain online seller Temu, said its profit dropped nearly 50% in the first quarter, as a drastically different tariff environment in the U.S. added to ...
The Information Technology & Innovation Fund (ITIF) has called on the office of U.S. Trade Representative (USTR) Ambassador Jamieson Greer to include Shein, Temu and AliExpress on this year’s ...
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Temu Owner PDD’s Profit Falls Less Than Expected
The Chinese owner of bargain-shopping app Temu reported a smaller-than-expected profit decline in the second quarter despite revenue growth hitting a three-and-a-half-year low as tariffs and increased ...
(Reuters) -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 ...
Temu parent PDD Holdings (NASDAQ:PDD) stock is trading higher on Monday after the company reported fiscal second-quarter 2025 results. Revenue grew 7% year-on-year (Y/Y) to $14.52 billion (103.98 ...
PDD stock falls 18% as Q1 revenue misses and profit drops 36% amid heavy platform investments. Despite a YTD surge, PDD’s Q1 results disappoint with weaker sales and earnings hit from ecosystem ...
(Reuters) -China's PDD Holdings beat forecasts on Tuesday with a 14% rise in third-quarter adjusted earnings, a sign that the e-commerce group's steep discounts and heavy marketing spending bolstered ...
The Chinese owner of bargain-shopping app Temu reported sharply lower quarterly profit and its slowest revenue growth in three years as tariff barriers threatened its business and increased merchant ...
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