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Shares in Temu’s Chinese owner PDD Holdings plunged 13.9% on Tuesday after the e-commerce giant reported its slowest revenue growth in three years and a sharp drop in profit. The dismal quarterl ...
Days after a key trade loophole closed, e-commerce platform Temu has overhauled its business model by halting shipments of Chinese-made goods to U.S. customers. Instead of offering American ...
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 ...
Shares of Temu parent PDD Holdings Inc. took a deep dive in Tuesday’s trading after the e-commerce company missed quarterly earnings expectations by a wide margin, citing the costs to help ...
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 ...
Shein and Temu are spending more on advertising in Europe – and sharply pulling back in the US – as President Trump’s tariffs effectively block the Chinese fast-fashion firms from their ...
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 ...
NEW YORK, May 5 (Reuters) - Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market ...
Bargain site Temu is slowly adding back items that are directly shipped from China following the U.S.-China trade thaw. For instance, on Wednesday, a laptop screen protector shipped from China ...
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