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The Latest Breaking News from Pinduoduo

The secret behind Temu’s rock-bottom prices

Temu has made a remarkable entry in the global e-commerce landscape, quickly becoming the fifth largest online marketplace in France. Critics claim Temu’s ultra-competitive pricing relies on unfair practices. Yet its success stems from the powerful—and proven—business model of its parent company, Pinduoduo, which started as an online marketplace for…

The Conversation

E-Commerce Giant PDD Looks Due For a Big Comeback in 2025

PPD stock looks like it could be ready to take off in 2025. After getting crushed in price and valuation multiples, things could change for the better.

MarketBeat

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’s richest person wants the ByteDance founder to apologize for not stopping an online smear campaign

Zhong Shanshan, chairman of Nongfu Spring, is blaming two of China’s Big Tech companies for troubles at his bottled water company.

Fortune

Chinese Billionaire Criticizes Online Shopping Platforms And Government

Zhong Shanshan criticizes Pinduoduo and Chinese government for damaging businesses during economic slump.

Top News

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Why we're skipping priority shipping

FedEx, UPS report a decline in demand for priority shipping

Salon

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 woes are fresh signs of the doom loop headed for China's economy

"As a result, the Chinese economy runs the risk of getting caught in a doom loop of falling prices, insolvency, factory closures, and, ultimately, job losses."

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

Chinese Tech Giant Alibaba's Quarterly Profit Shrinks 29 Percent

Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown.

International Business Times

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

Colin Huang, Temu owner’s billionaire founder, becomes China’s richest person

After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his next move.

The Times of India

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International Business Times UK

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.

Barchart

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.

StockNews.com

What Makes Pinduoduo (PDD) and JD.com (JD) Stand out as Prime China Stock Investments Today?

Despite facing several challenges, China's economy shows signs of resurgence driven by several stimulus measures undertaken by the authorities to boost its economy. Although property sales continue to disappoint, a recovery in consumer spending and a rise in domestic demand will likely contribute to economic growth. Given this backdrop, let's…

Top News

Pinduoduo's Net Profit Nearly Doubles In 2023

Pinduoduo, a rising Chinese online retailer, reports a significant profit increase in 2023 but faces global scrutiny.

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WEKU

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.

Tom’s Guide

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

Fortune

Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

The Independent UK

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

Fortune

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

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.

The Conversation

Temu: China's answer to Amazon is already Australia's most popular free app. What makes it so addictive?

If you spend much time online you’ve probably seen one of Temu’s colourful ads – punctuated by its catchy tagline: “shopping like a billionaire”.

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