China's Temu owner reports profit drop amid rising trade...

Dununu.com Dununu

Patrocinados

China's Temu owner reports profit drop amid rising trade tensions

RSS Feed Business

Posted

123

Temu's owner PDD Holdings reported a significant 47% drop in net profit for Q1 2025, reaching 14.7 billion yuan, as US-China trade tensions intensify. The decline is attributed to escalating trade tensions and a new US policy ending customs exemptions for low-value goods, impacting platforms like Temu. Revenue growth slowed for the fourth consecutive quarter, increasing by only 10% year-on-year.

Read Full Article

Please log in to like, share and comment!

Jhapa sees up to 129 mm of rainfall in 24 hours

BIRTAMOD: Continuous rainfall has raised the risk of flooding in several parts of Jhapa district....

By 0 1

Earthquake hits New Jersey; tremors felt across parts of New York - What we know so far

By 0 7

'He has his reasons': Shashi Tharoor sidesteps Rahul Gandhi's 'dead economy' remark; raises trade concerns

By 0 8

Water level rising at Triyuga Gaighat and Modi Beni hydrometers

KATHMANDU: The water level at the Triyuga Gaighat Hydrometer in Udayapur has crossed the alert...

By 0 13

Dua Lipa granted Kosovan citizenship

Dua Lipa has been granted Kosovan citizenship by President Vjosa Osmani, marking a significant...

By 0 18