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PDD HOLDINGS
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...25 Aug, 2025, 06.49 PM IST- China's Temu owner sees profit plunge as trade tensions lingerThe drop came as the economic superpowers are locked in another bruising trade standoff that saw US President Donald Trump last month scrap...28 May, 2025, 09.36 AM IST
- China publishes draft guidance for online-platform merchant feesThis is the latest in a series of steps by Beijing to support local merchants that are under pressure from a sluggish local economy and a t...25 May, 2025, 11.31 PM IST
- Chinese ecommerce platforms to end refund-without-returns amid weak economyThe government met operators including PDD Holdings and concluded the practice must end by July, from which point only merchants will be ab...23 Apr, 2025, 12.48 PM IST
- Temu, Shein suspend Vietnam operations amid crackdown on ecommerce platformsLast month, Vietnam told Shein and Temu to register with the government by the end of November or face the blocking of internet domains and...06 Dec, 2024, 09.45 AM IST
- E-commerce tycoon Huang tops China's rich listColin Huang's net worth reached $48.6 billion, making him China's wealthiest individual. He founded PDD Holdings, the parent company of e-c...09 Aug, 2024, 09.28 PM IST
- Chinese ecommerce giants face delicate balance between discounts, profitAlibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The ...13 May, 2024, 07.31 AM IST
- Low-cost ecommerce giant PDD Holdings beats quarterly revenue estimatesThe e-commerce giant continues to gain market share with highly competitive pricing in China and overseas as customers spend on affordable ...20 Mar, 2024, 04.29 PM IST
- Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firmAlibaba's U.S. shares slipped 1.5% to $73.7 in premarket trading, tracking a fresh one-year low. They are down 14% since the company posted...01 Dec, 2023, 08.39 PM IST
- Alibaba set to lose no. 1 ecomm player spot to PDDThe once-inconceivable shift reflects the turmoil that engulfed Alibaba after Beijing in 2020 targeted the company and its once-outspoken c...01 Dec, 2023, 12.08 AM IST
- Jack Ma returns to rally troops after Alibaba’s troubles deepen“Every great company is born in a winter,” Ma wrote in response to a staff post. “The people willing to reform for the future, and the orga...30 Nov, 2023, 12.15 AM IST
- Low-cost ecommerce rivals Shein and Temu shelve US court casesJoint declarations were filed to courts in Chicago and Boston by lawyers representing the companies and their subsidiaries, requesting that...27 Oct, 2023, 11.45 AM IST
- China fast-fashion retailer Temu blasts rival Shein over 'exclusionary tactics'Chinese e-retailer Temu said on Wednesday it has been the target of rival Shein's "unlawful exclusionary tactics" since Temu's U.S. launch ...19 Jul, 2023, 08.48 AM IST
- Price war: Amazon excludes rival Temu from competitive price checksAmazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive...14 Jun, 2023, 10.57 AM IST
- Alibaba fourth-quarter revenue rises 2%Alibaba Group Holding Ltd. reported fourth-quarter revenue that missed expectations, as Chinese consumer spending has gained some momentum ...18 May, 2023, 04.55 PM IST
- Google suspends Chinese ecommerce app Pinduoduo after finding malware in versionsThe Mountain View-based company said on Tuesday it has found versions of the app, offering PDD Holdings Inc.’s flagship e-commerce service,...21 Mar, 2023, 11.04 AM IST
- Shein’s lead under fire as Chinese-owned Temu tops US chartsTemu views Shein as its biggest rival in the near-term, and wants to surpass its dominance within the next few years06 Mar, 2023, 12.44 PM IST
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