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JIAZHEN ZHAO
Temu-owner PDD Holdings appoints co-CEO Zhao as co-chairman of boardPDD Holdings has appointed Jiazhen Zhao as co-chairman of its board. Zhao, a founding member and key figure behind Duo Duo Grocery, also se...- China's ecommerce companies are getting singed by a price warThe likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-ho...
- Temu-owner PDD tops quarterly revenue estimates as competition squeezes marginsAlong with the need to keep prices low in China, PDD's margins have been under pressure in recent quarters due to a multibillion-dollar inv...
- Pinduoduo-owner PDD beats second-quarter revenue expectations, shares jumpEcommerce platforms in China have been offering discounts and subsidies to lure shoppers in an uncertain economy. The focus on low-cost pro...
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