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Stock impact report

House Intelligence Committee Sounds Alarm On Chinese Shopping App Temu [zero hedge]

PDD Holdings Inc. - American Depositary Shares (PDD) 
Company Research Source: zero hedge
House Intelligence Committee Sounds Alarm On Chinese Shopping App Temu Authored by Jack Phillips via The Epoch Times (emphasis ours), House Republicans on Sept. 25 requested a briefing by the FBI and U.S. Securities Exchange Commission (SEC) over shopping app Temu, whose owners reportedly have ties with the Chinese Communist Party (CCP). The Temu logo is displayed on a laptop in San Anselmo, Calif., on Feb. 26, 2024. Justin Sullivan/Getty Images Republicans on the House Intelligence Committee said they are concerned about the “growing national security and personal data concerns surrounding” Temu and its parent company, Pinduoduo , according to a statement. A letter noting their concerns, signed by every GOP lawmaker on the panel, was directed to FBI Director Christopher Wray and SEC Chairman Gary Gensler. Those Republicans, led by Rep. Mike Turner (R-Ohio), said that they are flagging Temu and Pinduoduo for “possible trade, slave labor, and national security concerns.” The letter hig Show less Read more
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