Temu's Chinese owner posts slower growth as competition builds
Chinese e-commerce giant PDD Holdings announced slower sales growth in its latest quarter on Thursday, as the Temu owner faces intensified competition and consumer caution in its home market. Thursday's announcement by PDD Holdings comes one week after many of its Chinese e-commerce competitors announced details on their own performances during the last quarter.
Chinese e-commerce giant PDD Holdings announced slower sales growth in its latest quarter on Thursday, as the Temu owner faces intensified competition and consumer caution in its home market. Thursday's announcement by PDD Holdings comes one week after many of its Chinese e-commerce competitors announced details on their own performances during the last quarter.
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