Temu's owner saw a nearly 40% profit slump, thanks in part to Trump's tariffs

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Temu's owner saw a nearly 40% profit slump, thanks in part to Trump's tariffs

businessinsider.com/temu-owner-saw-nearly-40-profit-slump-trump-tariffs-2025-5

Temu's owner posted a steep profit decline in the latest quarter.
Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images
PDD Holdings reported a 38% profit decline in the latest quarter compared to the year before.
The company, which owns Temu, has been facing "radical…

This story appeared on businessinsider.com, 2025-05-28 04:22:24.