The company, which owns Temu, has been facing "radical change," its CEO said. Temu is also grappling with the effects of Trump's tariffs and his closing of the de minimis loophole. PDD Holdings ...

Temu's owner PDD Holdings reported a significant 47% drop in net profit for Q1 2025, reaching 14.7 billion yuan, as US-China trade tensions intensify. The decline is attributed to escalating trade ...

PDD on Tuesday reported a 47 per cent slump in first-quarter earnings amid slower sales growth, with results trailing market consensus. PDD’s Nasdaq-listed shares tumbled as much as 18 per cent ...

The next, you’re not just collateral damage in a trade war — you’re Temu, a specific target marked for destruction. What do you do? Quite a few things, and quickly. You and your sellers ...

President Trump moved to close a loophole that has fueled a boom in cheap goods being shipped from China to the U.S. WSJ’s Jonathan Cheng traveled to the world’s largest wholesale market to ...

The exemption was long a vital part of the business model supporting platforms offering low-cost goods like Temu. In a statement with the earnings release on Tuesday, PDD Holdings' co-chief ...

The Chinese owner of bargain-shopping app Temu reported sharply lower profit and its slowest revenue growth in three years, as tariffs threatened its business and increased merchant support ...

SHANGHAI, China — Chinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of the year as the Temu owner prepared for a blistering trade war between Beijing and ...

SHANGHAI-Chinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of 2025 as the Temu owner prepared for a blistering trade war between Beijing and Washington.

Some customers have already felt the pinch. Temu and Shein shopper Brenda Buschle says prices on some of her favorite items have doubled. “I buy a lot of stuff for my business. This shirt is ...

PDD Holdings — the parent company of Chinese e-commerce platform Temu — reported a 47% profit loss in the first quarter of 2025, as it's faced dwindling business in the U.S. driven by the ongoing ...

PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump's trade policies added to its struggles in its home country.