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Temu owner sees profit plunge

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.

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Temu Owner PDD’s Profit Slides as Woes in the U.S. and China Sink In

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Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad

4don MSN

PDD Holdings Stock Sinks as Temu Parent's Results Come Up Well Short

Shares of PDD Holdings are sinking Tuesday after the parent of the Temu shopping site posted first-quarter results that ...

4d

Colin Huang’s Wealth Drops By Nearly $6 Billion As PDD’s Growth Falters

Colin Huang, founder of Chinese e-commerce behemoth PDD Holdings, saw his fortune shrink $5.7 billion overnight.

2don MSN

Barclays Maintains Overweight Rating on PDD Holdings (PDD), Keeps $158 PT

Barclays used third-party estimates of Temu’s gross merchandise volume (GMV) to conclude that its revenues were below the ...

4don MSN

Temu parent is using coupons, lower fees to help smooth the costs of Trump’s tariffs

PDD’s stock tumbled as investments to fend off tariffs and competition led to a big miss in quarterly earnings.

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