Shares in Temu’s Chinese owner PDD Holdings plunged 13.9% Tuesday morning after the e-commerce giant reported its slowest revenue growth in three years and a sharp drop in profit.

Temu parent is using coupons, lower fees to help smooth the costs of Trump’s tariffs PDD’s stock tumbled as investments to fend off tariffs and competition led to a big miss in quarterly earnings.

Temu’s last quarter may plausibly be its worst, in tariff terms — the Trump administration has already de-escalated somewhat on broad tariffs and cross-border postal fees — but anything ...

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The Chinese owner of bargain-shopping app Temu reported sharply lower profit and its slowest revenue growth in three years, as tariffs threatened its business and increased merchant support ...

Chinese e-commerce firm PDD Holdings PDD.O saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its ...

China's Temu owner sees profit plunge as trade tensions linger The Shanghai-based company said net profit came in at 14.7 billion yuan in the three months ending March 31, down 47 percent year on ...