PDD Holdings Inc.’s revenue grew a less-than-anticipated 24 percent after intensifying domestic competition and US tariffs crimped its expansion. The e-commerce company reported revenue of …
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Temu Owner PDD’s Sales Slow Sharply After China Market Sputters
PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China. …
PDD’s Temu Seeks US-Based Compliance Help Amid Scrutiny of China Goods
E-commerce marketplace Temu is looking to hire a compliance officer based in the US, job ads showed, after lawmakers scrutinised the Chinese company for allegedly …