From Yahoo Finance: 2025-05-27 10:20:00

Temu’s parent company, PDD Holding, saw shares drop 17% after reporting a major first-quarter earnings miss. The Chinese e-commerce giant reported a 47% decrease in first-quarter net profit due to a trade war and domestic competition. Despite a 10% increase in total revenues, the company’s operating profit and non-GAAP operating profit both declined significantly. Analysts cite U.S. tariffs, slower domestic consumption, and intensified competition as factors impacting growth. Temu is one of the companies most affected by Trump’s trade war, with the closure of the de minimis loophole exacerbating the situation. VP of Finance Jun Liu acknowledges a slowdown in growth rate amid uncertain times.



Read more at Yahoo Finance: Temu parent sees stock plummet after earnings miss