Temu parent PDD Holdings Inc (NASDAQ:PDD) reported fiscal second-quarter 2024 revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the analyst consensus ...

In the latest warning to global markets on the health of the Chinese economy, Temu-owner PDD Holdings this ... were the latest in a series of red flags about the Chinese economy.

The Chinese ecommerce group behind Temu, whose stock plunged this week ... its hoarding of cash is regarded as a “red flag” by some investors, who say its financial statements are opaque ...

The Federal Reserve is expected to lower interest rates for the first time since 2020, providing relief from rising costs.

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Also Read: Amazon Boosts Recruitment Efforts In China, Targets Rivalry With Temu: Report The Alibaba Group Holding Limited BABA rival posted an adjusted operating profit of $4.81 billion ...

Temu parent PDD Holdings Inc (NASDAQ:PDD) reported fiscal second-quarter 2024 revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the analyst consensus estimate ...