Diamond Member Pelican Press 0 Posted May 28, 2025 Diamond Member Share Posted May 28, 2025 This is the hidden content, please Sign In or Sign Up Temu’s ******** owner sees profits plunge as tariff war bites PDD Holdings, the ******** owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump’s trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first three months of the year fell to 14.74bn yuan ($2.05bn , £1.5bn). Earlier this month, the Trump administration ended the so-called “de minimis” exemption that allowed parcels worth less than $800 ($593) enter the US without being hit with import duties. In China, PDD has been locked in a long-running price war with rivals like Alibaba and JD.com in the face of weak consumer spending. This is the hidden content, please Sign In or Sign Up #Temus #******** #owner #sees #profits #plunge #tariff #war #bites This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/261473-temu%E2%80%99s-chinese-owner-sees-profits-plunge-as-tariff-war-bites/ Share on other sites More sharing options...
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