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Temu Parent PPD’s Profits Fall 38% Amid Tariff Pressures
pymnts.com/earnings/2025/temu-parent-ppd-profits-fall-38-percent-amid-tariff-pressures
The parent of Chinese eCommerce giant Temu said tariffs helped eat into its quarterly profits.
PDD Holdings attributed this 38% year-over-year decline in the first quarter of 2025 to a variety of factors, as it released its earnings report Tuesday (May 27).
For example, Chairman and…
This story appeared on pymnts.com, 2025-05-27 15:58:47.