Temu: a far cry from being able to ‘Shop Like a Billionaire' [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance
However, Temu's aggressive marketing strategies mean it is a far cry from its tagline of being able to 'Shop Like a Billionaire.' What is Temu? Temu is owned by the Chinese e-commerce titan PDD Holdings and serves as the Western sister company to China-based e-commerce giant Pinduoduo. Temu's popularity stems from the thousands of unbranded products it offers at exceptionally low prices. The company's tagline? ‘Shop Like a Billionaire'. You can find everything from $1 handbags and $13 headphones - which look similar to Apple's $549 AirPods Max - to $11 canvas wardrobes and $19 adjustable standing desks The point is that Temu has a significant amount of really cheap items. An e-commerce platform as cheap as Temu would have been popular in any case but, it is no surprise that the app's meteoric rise over the past 21 months coincides with consumers still feeling the squeeze from the decades of high inflation that have wrought a cost-of-living crisis. Temu delivers around
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- Bull of the Day: PDD Holdings Inc. (PDD) [Yahoo! Finance]Yahoo! Finance
- Syntun|2024 "618" Promotion Report: The GMV during China "618" promotion reached 742.8 billion yuan, and the livestreaming platforms became a traffic boosterPR Newswire
PDD
Earnings
- 5/22/24 - Beat
PDD
Sec Filings
- 5/22/24 - Form 6-K
- 4/25/24 - Form 20-F
- PDD's page on the SEC website