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The Latest Breaking News from PDD Holdings

Can you trust Temu? Here's what you need to know

What's it really like ordering from internet discount giant Temu?

Tom’s Guide

Temu parent tops Tesla with biggest cash pile of any public company that doesn’t pay investors

PDD Holdings, the parent company of Chinese e-commerce giants Temu and Pinduoduo, has a cash pile that totals $38 billion, according to the FT.

Fortune

Temu's billionaire founder lost his title as China's richest person just 20 days after winning it

Colin Huang’s net worth tanked $14.1 billion after disappointing earnings results.

Fortune

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China fast-fashion retailer Temu soared like a rocket for two years—in just a few hours, its parent company lost more than $50 billion in market value

PDD Holdings is still scaling incredibly, but growing competition and regulatory worries are clouding the company’s outlook for future quarters.

Fortune

E-commerce Tycoon Huang Tops China's Rich List

E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms.

International Business Times

Temu Office Mobbed By Chinese Suppliers Saying Westerners Get Free Products When They Demand For Refunds But Never Return Items

Chinese suppliers staged a protest at Temu headquarters, demanding changes to the company's refund policy.

International Business Times UK

What Are the 2 Highest-Rated Nasdaq-100 Stocks? The Answer Might Surprise You.

Discover why analysts are endorsing Coca-Cola Europacific and PDD Holdings as top-rated companies in the Nasdaq-100, citing their strong performance and growth potential.

Barchart

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20% Americans Shop On Temu Weekly: Open Your Own Temu Store Now And Earn Income

Temu, a rising e-commerce platform, offers low prices and a chance to be a seller. But be aware of potential regulatory issues.

International Business Times UK

S. Korea Probes Temu Over Alleged False Ads, Unfair Practices: Yonhap

South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported Monday.

International Business Times

Temu promises cheap goods. Here's how the shopping app does it

Temu aggressively markets "hot deals," such as a hooded button-up fleece jacket for $8.32. But some U.S. officials accuse Temu of unfair and/or unethical practices.

WEKU

What is Temu? Everything you need to know

Everything you need to know about Temu's online marketplace and whether it's safe to buy from

Tom’s Guide

Stocks End Lower as FOMC Minutes Signal No Imminent Fed Easing

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.06%. Stocks on Wednesday extended Tuesday’s losses and closed...

Barchart

I’ve Got 5 Stocks and 5 DTEs: Which Call Should I Buy?

Wednesday’s unusual options activity had multiple stocks with two or more calls expiring on the same day. Five stocks caught my interest. Only one of the calls is worth buying.

Barchart

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

Fortune

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Kiplinger

Stock Market Today: Stocks Struggle for Direction After Mixed Fed Messages

E-commerce platform PDD Holdings jumped after earnings, while rival Shein reportedly filed confidential IPO paperwork.

Fortune

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Daily Mirror

Inside America's controversial cheap shopping app Temu rivalling Amazon's prices

Since launching in September 2022, Temu has exploded in popularity across the US with many taking to TikTok to share the lightning deals on everything from beauty to power tools

Barchart

Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

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Wales Online

What is Temu? The ultra low cost online shopping store rivalling Shein and Wish

Temu has been popular in the US and offers massive discounts, up 99 per cent

Evening Standard

Who owns Temu? Weapons banned in UK apparently found on shopping app

The Chinese e-commerce site has come under pressure to enhance its verification procedure, get rid of hazardous products, and make independent sellers accountable when security breaches are discovered

Barchart

Competition and Weak Chinese Recovery Weigh on JD.com

JD.com (JD ), one of China’s largest online retailers, is struggling this year after rallying to an 8-month high in January. The stock price has fallen nearly -47% from January’s peak on disappointment about China’s uneven recovery from the pandemic and increased competition from other Chinese online retailers. After more...

The Independent UK

What is Temu, the most-downloaded online shopping app in the US?

The app first launched last year

TechRadar

Google blocks Pinduoduo apps from Play Store over malware fears

Chinese ecommerce giant Pinduoduo banned from Google Play Store following over cybersecurity concerns.

The Independent UK

What is Temu, the most-downloaded online shopping app in the US?

The app first launched last year

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