Temu Parent Company PDD Holdings Posts 2Q Miss, Analysts Say Long-Term Investments Hurt Short-Term Profitability
PDD Holdings, which owns Temu, reported a 2Q miss due to investments for long-term growth. Analysts remain positive.
Temu-owner PDD Holdings' revenues hit by intense China competition and challenges abroad
PDD Holdings , which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on ...
NBC Bay Area1mon
Amazon eyes global expansion for its Temu, Shein competitor
Amazon is looking to expand its competitor to Temu and Shein beyond the U.S. The ... the spokesperson said in a statement. The expansion comes months after Haul's debut. Amazon unveiled the ...
NBC Washington1mon
Amazon eyes global expansion for its Temu, Shein competitor
The expansion comes months after Haul's debut ... With Amazon Haul, the company is responding to the rise of Temu, Shein and TikTok Shop, which all have ties to China, the world's second-largest ...
NBC Connecticut1mon
Amazon eyes global expansion for its Temu, Shein competitor
Amazon plans to expand its discount storefront that competes with ultra-cheap Chinese e-commerce companies like Temu and Shein ... said in a statement. The expansion comes months after Haul's ...