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Temu is an online marketplace operated by the Chinese e-commerce company PDD Holdings, which is owned by Colin Huang. [10] [9] [11] It offers heavily discounted consumer goods [12] mostly shipped to consumers directly from the People's Republic of China.
Alibaba Group Holding Limited, branded as Alibaba (/ ˌ æ l i ˈ b ɑː b ə, ˌ ɑː-/), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
This means that Temu currently does not manufacture or sell its own products. Instead, it taps into PDD Holdings’ network of suppliers and shipping partners to provide the products offered on ...
He invested in Temu-owner PDD before DeepSeek's release sparked a market rebound last month. Alibaba, Baidu, JD.com, and PDD made up 53% of Burry's portfolio going into 2025.
Liu partly blamed his own mismanagement for JD's crisis. ... Temu officially launched in the U.S. in 2022, ... Alibaba's shares have fallen by over 20% in 2023 thus far; JD.com's have fallen by ...
As a result, investors hammered the stock of Temu’s parent company, PDD, which trades on the Nasdaq. Its shares fell 6% on Monday, shaving off more than $9 billion in market value as of early ...