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Temu owner sees profit plunge

Temu's Chinese owner sees profits plunge as trade war bites

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. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday,

CNN · 3d

Temu-owner PDD Holdings profit dives as it faces challenges amid trade war

Meanwhile, a tit-for-tat tariff escalation between the United States and China, followed by a temporary 90-day de-escalation, has generated widespread uncertainty for global business Temu.

The Wall Street Journal on MSN · 3d

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

PDD Holdings, the Chinese parent of popular bargain online seller Temu, said its profit dropped nearly 50% in the first quarter, as a drastically different tariff environment in the U.S. added to challenges at home.

CNN28d

Temu says it’s only shipping from the US. That doesn’t mean the products are made here

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.

New York Post29d

Chinese site Temu redefining its business model in wake of 145 per cent Trump tariffs

Amazon may have walked back plans to display import costs at the digital checkout to consumers — but Chinese company Temu initially went the opposite way. After President Donald Trump whacked ...

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Temu owner sees profit plunge

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