Search results for "pinduoduo"

March 20, 2024
PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’

PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company’s total revenues in...


March 18, 2024
CE 100 Index Gives Up 1.2%, Led by Zillow’s Share...

The CE 100 Index lost 1.2% as the end of earnings season is in sight. Year to date, the Index has trailed several of the broader indices, as seen in...


January 31, 2024
Temu Ad Spend Places It Among Largest Online Advertisers in...

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to the U.S. by Shanghai-based eCommerce...


January 23, 2024
Temu Gains Following Among Older eCommerce Shoppers 

Temu has reportedly defied expectations by attracting a significant number of baby boomers and Generation X shoppers in the United States.  Contrary to its reputation as a platform for younger consumers,...


January 01, 2024
JD.com Wins Antitrust Case, Beijing Court Orders $141M Damages Against...

In a landmark ruling on Friday, the Beijing High People’s Court declared Chinese e-commerce giant JD.com victorious in an antitrust lawsuit against its main rival, Alibaba Group Holding. The court...


December 29, 2023
Report: Shein or Temu Could Benefit From Merger With Wayfair

Shein or Temu reportedly could be potential merger partners for Wayfair. Either of the two Chinese-founded eCommerce companies could be a good fit for a merger with the Boston-based home...


December 03, 2023
Chinese Borrowers Barred From Mobile Payments Amid Record Defaults

Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found themselves blacklisted due to missing...


October 13, 2023
Budget-Conscious Chinese Consumers Drive Sales for Value-Focused Companies

Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among...


September 04, 2023
CE 100 Index Gains 4.2% as Shopping Platforms Surge

All pillars of the CE 100 Index were in positive territory as August ended and opened the door to September trading. The overall index was 4.2% higher on the week,...