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Temu is an online marketplace operated by the Chinese e-commerce company PDD Holdings, which is owned by Colin Huang. ... [11] [15] PDD Holdings also owns Pinduoduo, ...
Pinduoduo was founded in 2015 by Chinese businessman and software engineer Colin Huang and initially focused on the agriculture industry. [5] [6] It developed at a time when Alibaba and JD had significantly consolidated the Chinese e-commerce market and many analysts believed there was limited room for new market entrants.
PDD Holdings is a multinational company that owns a portfolio of businesses centered around e-commerce. ... a multinational commerce group listed on the Nasdaq stock market. Temu is known for the ...
Colin Huang resigned from Google in 2007 to set up several companies, including e-commerce giant Pinduoduo. Now, he's worth more than $35 billion.
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 ...
Temu has quickly become a rising star since PDD Holdings established it in the US last year. ... Listed on the Nasdaq stock exchange since 2018, the company owns and operates multiple businesses ...