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Video: Tesla’s Optimus humanoid robot performs Kung Fu moves to showcase speed, balance
Robot that reads wind direction, offers accuracy competes with archers in Korea event
China’s Xiaomi EV drives itself forward ‘without’ human command, company cites iPhone link
1,000 silver, gold coins worth $1 million found in historic ‘Treasure Coast’ shipwreck
NASA’s Webb Telescope finds phosphine on distant star, challenges ‘life signal’ status
China’s Cherry rolls out extended-range EV that pushes boundaries with 870-mile range
Powering next-gen solar panels: Breakthrough tech hits 30% efficiency, cooler temperature
Tesla Cybertruck’s doors were fatal trap in deadly crash, lawsuit alleges
World’s first space delivery vehicle can bring supplies anywhere on Earth in an hour

Tag: #PDDHoldings #Temu #EcommerceChallenges #ChinaMarket #BusinessStrategy

Fashion
Everett Thistlethwaite

Temu Owner PDD’s Sales Slow Sharply After China Market Sputters

The recent performance of PDD Holdings Inc., the parent company of the popular shopping app Temu, has sent shockwaves through the e-commerce industry. In a stark warning to investors, PDD has admitted that its profitability is at risk due to escalating competition and sluggish consumer confidence in China, its home market. The company’s shares plummeted […]

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