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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 ...
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 ...
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.
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