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13.06.25 - 15:06
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Temu resumes direct sales to US after Washington-Beijing trade truce (SCMP)
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Budget shopping site Temu, owned by Chinese online retailer PDD Holdings, is resuming direct shipments from China to the US, after Washington and Beijing agreed on a framework for a trade deal.
Some items that had been removed from Temu's US marketplace last month after it shifted to a “local fulfilment model” have been made available for sale in recent days. A Chinese seller surnamed Liu, who sells women's clothing from Dongguan, Guangdong province, said two of his dresses were made available......
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28.05.25 - 15:06
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PDD faces profit challenge amid Trump tariffs, domestic e-commerce competition (SCMP)
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Chinese discount e-commerce giant PDD Holdings, operator of Temu and Pinduoduo, faces increased profitability challenges amid US President Donald Trump's trade policies and heightened competition in its home market, according to analysts.
PDD on Tuesday reported a 47 per cent slump in first-quarter earnings amid slower sales growth, with results trailing market consensus. PDD's Nasdaq-listed shares tumbled as much as 18 per cent in New York overnight, as the company's poor report card suggested......
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28.05.25 - 06:48
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China′s Temu owner reports profit drop amid rising trade tensions (Times of India)
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Temu's owner PDD Holdings reported a significant 47% drop in net profit for Q1 2025, reaching 14.7 billion yuan, as US-China trade tensions intensify. The decline is attributed to escalating trade tensions and a new US policy ending customs exemptions for low-value goods, impacting platforms like Temu. Revenue growth slowed for the fourth consecutive quarter, increasing by only 10% year-on-year....
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28.05.25 - 04:54
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Hong Kong stocks slide as PDD′s profit slump rattles Alibaba, e-commerce peers (SCMP)
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Hong Kong stocks dropped after a poor report card from Chinese e-commerce platform operator PDD Holdings rattled industry peers including Alibaba Group Holding, suggesting discounts to attract consumers will hurt near-term earnings outlook.
The Hang Seng Index fell 0.3 per cent to 23,309.49 at 10.17am local time on Wednesday, while the Hang Seng Tech Index dropped 0.2 per cent. On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index retreated 0.2 per......
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27.05.25 - 13:01
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PDD Holdings Inc., Q1 Profit Declines (AFX)
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BEIJING (dpa-AFX) - PDD Holdings Inc., (PDD) announced earnings for first quarter that decreased from last yearThe company's bottom line totaled RMB14.741 billion, or RMB9.94 per share. This compa......
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