Pinduoduo
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan
China’s 618 shopping fest sets record, but daily spending slips
Extended sales period drives record 855.6 billion yuan in gross merchandise value
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
China’s largest online e-commerce platforms have been scrambling for a greater share of the domestic market, sparking a long-running price war to entice consumers to open their wallets
US shoppers pay for Trump tariffs on Temu, doubling some prices
[BEIJING] Discount Chinese retail app Temu appears to be passing on nearly all of US President Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products in a move t...
China investors digest another letdown from big tech earnings
FROM Tencent Holdings to Alibaba Group Holding, China’s tech leaders delivered underwhelming numbers for a quarter beset by economic and geopolitical uncertainty. Whether or not they can win back inve...
China's bottled water billionaire lashes out at Pinduoduo, ByteDance
One of China’s richest people has taken aim at tech firms ByteDance and Pinduoduo for allegedly harming him and Chinese brands.
Temu owner PDD misses revenue and profit estimates as consumers struggle
DISCOUNT e-commerce player PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday (Nov 21), as its low prices did not persuade cost-conscious consumers to spend a...
Hundreds of China merchants join protest against Temu over fines
HUNDREDS of merchants staged a rally at PDD Holdings’ offices in southern China this week, protesting what they called unfair penalties that Temu’s owner is increasingly levying.
Alibaba’s AliExpress recruits Beckham to ‘score more’ global sales
ALIEXPRESS, an e-commerce site owned by Chinese giant Alibaba, has signed former England soccer captain David Beckham as a brand ambassador as it plays catch-up with rival PDD Holdings’ Temu in a batt...
Temu-parent PDD Holdings beats first-quarter revenue estimates
PDD Holdings beat first-quarter revenue estimates on Wednesday (May 22), powered by its international shopping site Temu and growing consumer interest in its Chinese discount e-commerce platform Pindu...
