PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown.

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 ...

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 ...

Chinese ecommerce 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 Washington.

PDD, the owner of Pinduoduo and Temu platforms, reported a 47 per cent slump in first-quarter earnings as growth in sales slowed, both trailing market consensus, a filing on Tuesday showed.

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 ...

The Shanghai-based company said net profit came in at 14.7 billion yuan ... model supporting platforms offering low-cost goods like Temu. In a statement with the earnings release on Tuesday ...

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.

PDD Holdings reported a 38% profit decline in the latest quarter compared to the year before. The company, which owns Temu, has been facing "radical change," its CEO said. Temu is also grappling ...