Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad - The Business Times

[SHANGHAI] Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47 per cent to 14.7 billion yuan (S$2.6 billion) as its domestic platform suffered from intense local competition and its international business was hit by gl https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/temu-owner-pdd-holdings-profit-dives-it-faces-challenges-home-and-abroad