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 […]
Tag: #PDDHoldings #Temu #EcommerceChallenges #ChinaMarket #BusinessStrategy
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