Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad - CNA

Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47 per cent to 14.74 billion yuan (US$2.05 billion) as its domestic platform suffered from intense local competition and its international business was hit by global tra https://www.channelnewsasia.com/business/temu-owner-pdd-holdings-profit-dives-it-faces-challenges-home-and-abroad-5155316