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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 ...
(Reuters) -Discount e-commerce player PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday, as its low prices did not persuade cost-conscious consumers to ...
Michael Burry of "The Big Short" fame pared two of his three bets on Chinese tech stocks last quarter. He invested in Temu-owner PDD before DeepSeek's release sparked a market rebound last month ...
Temu is an online e-commerce platform that offers a wide range of products at close to wholesale prices. The company is based in Boston, Massachusetts, and is owned by PDD Holdings Inc., a ...
The Temu platform first went live in the United States in September 2022, and ran ads during the February 2023 Super Bowl. [19] In March 2023, Temu launched in Australia and New Zealand. [1] In the following month, Temu launched in France, Germany, Italy, the Netherlands, Spain, and the UK. [3] Temu eventually expanded into the Latin American ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PDD Holdings wasn’t one of them. The 10 stocks that made the ...
Temu’s moment as a stiff competitor to Amazon and Shein came and passed—and so did the founder’s reign as the richest man in China.. PDD Holdings, the parent company of the fast-growing Temu ...
The stock of PDD Holdings, parent company of the fast-growing Temu shopping app, sank more than 30% on Monday, losing more than $50 billion in market value, after the e-commerce giant posted ...