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PDD Holdings' CEO said "radical change in external policy environment, such as tariffs," has put pressure on its merchants ...
5d
essanews.com on MSNTemu profits plummet 47% amid Trump's tariffs crackdownThe owner of the Chinese online store Temu, PDD Holdings, reported a 47 percent drop in profits in the first quarter of 2025, ...
PDD Holdings, the parent company of Temu, reported a 47% profit decline to £1.5 billion in Q1 2025/26, despite a 10% revenue ...
8d
New York Magazine on MSNTemu and Shein Might Just Be ScrewedTemu’s last quarter may plausibly be its worst, in tariff terms — the Trump administration has already de-escalated somewhat ...
PDD Holdings Inc. faces mounting challenges as its Temu platform struggles with significant user losses following major U.S.
Temu’s business model has been hammered by President Trump’s tariffs, including his end to the de minimis exemption, which allowed overseas fast-fashion firms to ship low-value packages into the ...
Chinese e-commerce firm PDD Holdings PDD.O saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its ...
PDD Holdings, the Chinese parent company of online marketplace Temu, has reported a nearly 50% drop in first-quarter profits, ...
8d
Cryptopolitan on MSNChina-American tariff wars eat Temu owner’s profits by 50%Temu’s Q1 net profit fell by 47% to $2.46 billion, and the platform had the slowest revenue growth since Q1 2022.
Temu's owner PDD Holdings reported a significant 47% drop in net profit for Q1 2025, reaching 14.7 billion yuan, as US-China ...
PDD Holdings’ bargain-shopping app Temu reported sharply lower profit as tariff barriers threatened its business and ...
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