The Business Times

Pinduoduo

Global Enterprise

China’s 618 shopping fest sets record, but daily spending slips

A tit-for-tat tariff escalation between the US and China, followed by a temporary 90-day de-escalation, has generated widespread uncertainty for global business Temu.
Telcos, Media & Tech

Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad

The higher costs illustrate the impact of President Trump’s tariffs, and they risk changing how Americans shop and disrupting shipments from the likes of Temu and Shein.
Consumer & Healthcare

US shoppers pay for Trump tariffs on Temu, doubling some prices

Just over the past week, the five biggest tech firms erased US$41 billion in market value, while a gauge of sector stocks listed in Hong Kong has fallen into bear market territory.
Global Enterprise

China investors digest another letdown from big tech earnings

China’s wealthiest person, Nongfu Spring founder Zhong Shanshan, lost some US$3 billion as the beverage giant’s shares fell by a record 10 per cent on Wednesday (Aug 28) in Hong Kong.
Companies & Markets

China's bottled water billionaire lashes out at Pinduoduo, ByteDance

PDD's revenue reached 99.35 billion yuan (S$18.4 billion) for the three months ended Sep 30.
Consumer & Healthcare

Temu owner PDD misses revenue and profit estimates as consumers struggle

The dispute coincides with an aggressive expansion that’s taken the Temu brand around the world.
Telcos, Media & Tech

Hundreds of China merchants join protest against Temu over fines

An advertisement campaign featuring former England soccer captain David Beckham will run in conjunction with the Uefa tournament and encourage consumers to “score more with AliExpress”
Lifestyle

Alibaba’s AliExpress recruits Beckham to ‘score more’ global sales

Temu, Pinduoduo’s sister app, sells a wide variety of products, many of them made in China, for rock-bottom prices
Companies & Markets

Temu-parent PDD Holdings beats first-quarter revenue estimates

PDD Holdings continues to gain market share with highly competitive pricing in China and overseas as customers spend on affordable or discounted products in uncertain economic times.
Consumer & Healthcare

Temu operator PDD Holdings beats revenue estimates as e-commerce flourishes

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