Temu Faces Growing Scrutiny As Indonesia And Vietnam Express Concerns [Forbes]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Forbes
Copyright 2023 The Associated Press. All rights reserved Discount marketplace Temu is facing regulatory challenges over its global expansion into the lucrative Southeast Asian e-commerce market after Indonesia slapped a ban on it trading in the country and Vietnam followed by warning it may take action. The moves come as Temu rapidly rolls out its marketplace globally, offering often huge discounts on a wide variety of products. Indeed, for many U.S. consumers who had not previously heard of Temu, that likely changed earlier this year when the Chinese-parented online giant went for broke at the Super Bowl, airing six prime time ads and offered $10 million in giveaways as it attempted to seduce a huge national audience to “ shop like a billionaire ”. Owned by Chinese e-commerce giant PDD Holdings but officially incorporated in Delaware and headquartered in Boston, Temu was founded by 43-year-old Chinese billionaire Colin Huang and is the sister site to domestic e-commerce plat
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PDD
News
- Temu owner PDD misses quarterly revenue and profit estimates as consumers struggle [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Temu-owner PDD misses market estimates for Q3 revenue on weak consumer spending [Yahoo! Finance]Yahoo! Finance
- PDD Holdings Announces Third Quarter 2024 Unaudited Financial ResultsGlobeNewswire
- Is PDD Holdings (PDD) A Cheap NASDAQ Stock To Invest In Now? [Yahoo! Finance]Yahoo! Finance
- PDD Holdings to Report Third Quarter 2024 Unaudited Financial Results on November 21, 2024GlobeNewswire
PDD
Earnings
- 11/21/24 - Beat
PDD
Sec Filings
- 11/21/24 - Form 6-K
- 10/22/24 - Form SC
- 10/21/24 - Form SC
- PDD's page on the SEC website