From Yahoo Finance: 2025-03-20 06:37:00

PDD Holdings, parent of Pinduoduo and Temu, missed revenue estimates due to weak demand in China despite discounts and stimulus. Alibaba and JD.com outperformed, hurting PDD’s market share. However, PDD’s international platform, Temu, remains popular. Changes to U.S. de minimis policy threaten Chinese retailers’ competitive edge. PDD exploring new business models.

U.S. Customs data shows de minimis shipments from China to the U.S. rising, despite a pause in the exemption’s repeal. PDD faces challenges in the global market amid increasing competition. President Trump’s move to suspend the exemption caused disruptions. PDD adapting with innovative supply chain solutions.

Read more: Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad