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Temu-owner PDD Holdings profit dives as it faces challenges amid trade war
edition.cnn.com/2025/05/27/business/temu-pdd-holdings-profit-dive-trade-war
Chinese e-commerce firm PDD Holdings 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 international business was hit by global trade uncertainty.
US-listed shares of the company fell more…
This story appeared on edition.cnn.com, 2025-05-27 00:00:00.