Amazon's Chinese Rival Temu Loses 58% Of US Users As End Of Tariff Loophole Hits Business Model

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Amazon's Chinese Rival Temu Loses 58% Of US Users As End Of Tariff Loophole Hits Business Model

benzinga.com/markets/equities/25/06/45741240/amazons-chinese-rival-temu-loses-58-of-us-users-as-end-of-tariff-loophole-hits-business-model

PDD Holdings Inc. (NASDAQ:PDD) faces mounting challenges as its Temu platform struggles with significant user losses following major U.S. trade policy shifts that eliminated key cost advantages for Chinese e-commerce platforms.
What Happened: Daily U.S. users of Temu fell 58% in May,…

This story appeared on benzinga.com, 2025-06-03 10:16:25.