PDD Holdings

Tech

Pinduoduo returns some service fees to sellers after parent PDD pledges US$1.4 bln waiver

Chinese budget e-commerce platform Pinduoduo, run by Temu owner PDD Holdings, is offering partial refunds of service fees to merchants,…

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JD.com lures overseas Chinese shoppers with faster shipping in rivalry with Alibaba

JD.com is launching five-day international shipments for customers in the US, Japan and Singapore, as the Chinese e-commerce giant fights…

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Tech

Temu owner PDD’s stock rout reflects ‘shaken investor confidence’, analysts say

A 28.5 per cent stock price plunge on Monday that wiped US$55 billion off the valuation of PDD Holdings, the…

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Tech

PDD’s stock sinks 25% after profit warning despite record revenue in June quarter

PDD Holdings’ stock plunged 25 per cent on Monday after it warned of uncertainty ahead and downward pressure on profits…

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Tech

Walmart said to raise US$3.6 billion from sale of JD.com stake, ending 8-year partnership

JD.com’s Hong Kong-listed shares fell 10 per cent to HK$101.10 at 2.23pm local time on Wednesday, leading a broader sell-off…

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Tech

Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to…

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Tech

TikTok, Amazon collaborate on online shopping, heating up competition with Shein, Temu

“We’re excited to collaborate with Amazon to offer a seamless and fun shopping experience,” TikTok wrote in a post on…

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Tech

Temu sellers struggle with disputes amid complex company structure outside China

“Given the cross-border nature of these transactions, it’s logical for both parties to agree on a dispute resolution method and…

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Tech

Discount shopping giant Temu’s supply chain faces scrutiny as mainland sellers protest

Temu’s efforts to please consumers were borrowed from its Chinese sister platform Pinduoduo, known for cut-to-the-bone deals and easy-to-refund options.…

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Tech

Chinese suppliers storm Temu office in Guangzhou in protest over ‘harsh’ policies

Hundreds of Chinese suppliers on Temu, the overseas shopping app run by PDD Holdings, staged a protest at the e-commerce…

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