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    Home»Tech News»Temu’s Chinese owner sees profits plunge as tariff war bites
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    Temu’s Chinese owner sees profits plunge as tariff war bites

    The Daily FuseBy The Daily FuseMay 28, 2025No Comments1 Min Read
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    Temu’s Chinese owner sees profits plunge as tariff war bites
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    PDD Holdings, the Chinese language proprietor of on-line procuring platform Temu, has reported a close to 50% drop in revenue as US President Donald Trump’s commerce insurance policies added to its struggles in its residence nation.

    US-listed shares of the e-commerce large fell by greater than 13% on Tuesday, after the agency stated its earnings for the primary three months of the yr fell to 14.74bn yuan ($2.05bn , £1.5bn).

    Earlier this month, the Trump administration ended the so-called “de minimis” exemption that allowed parcels price lower than $800 (£593) enter the US with out being hit with import duties.

    In China, PDD has been locked in a long-running value battle with rivals like Alibaba and JD.com within the face of weak shopper spending.



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