Temu's U.S. Collapse: From Super Bowl Stardom to Sales Freefall in Just Months
Shein bounces back, but Temu slashes ads, loses momentum, and shifts its focus overseas after tariff crackdown.
| Ticker |
PDD
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| CIK | 0001737806 |
| SIC | 7389 |
| Sector | Services |
| Industry Category | Business Services |
| Industry Group | Services – Misc. Business Services |
| Address | FIRST FLOOR, 25 ST STEPHENS GREEN, DUBLIN 2, L2, D02 XF99 |
| Website | pinduoduo.com |
| Phone | 353 1 5397938 |
| CEO | Lei Chen |
| Employees | 12,992 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Temu's U.S. Collapse: From Super Bowl Stardom to Sales Freefall in Just MonthsShein bounces back, but Temu slashes ads, loses momentum, and shifts its focus overseas after tariff crackdown. PDD slips on report that Temu U.S. sales plunged 25%Investing.com -- Temu’s U.S. sales slump is worsening as the online marketplace sharply reduces its advertising aimed at American consumers, reflecting a change in strategy following President Donald Trump’s move to tighten trade rules. Technical Outlook Favors Tactical Options Strategy on PDD Holdings Stock (PDD)At first glance, circumstances don’t look appealing for PDD Holdings (PDD). A global e-commerce holding company, PDD is, of course, tethered to the health of the Chinese consumer economy. Its two core platforms are Pinduoduo, a social-commerce enterprise, and Temu, a budget online marketplace that brings significantly discounted goods directly from China. However, with the advent of President Donald Trump’s trade tariffs, such businesses face extra scrutiny. To be sure, diplomats from both the U Temu Battles TikTok-Like Backlash Over DataA data-storage deal with Oracle follows several states’ allegations that the bargain site could hand over user data to Beijing. PDD Holdings' (NASDAQ:PDD) investors will be pleased with their notable 63% return over the last three yearsPDD Holdings Inc. ( NASDAQ:PDD ) shareholders might be concerned after seeing the share price drop 19% in the last... |