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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 ...
Temu’s parent company, PDD Holding, saw shares fall about17% on Tuesday morning after reporting a major first-quarter earnings miss. The Chinese e-commerce giant reported that its first-quarter ...
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 ...
Hours after a key US tariff exemption expired on Friday, Chinese e-commerce site Temu announced it was overhauling its shipping model, sending out all American sales via US-based sellers.