PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. That’s the largest cash position of any listed company that doesn’t pay dividends or buy back shares, the Financial Times (FT) reported Sunday (Sept. 1), days after the Chinese company...
Chinese eCommerce company Temu is reportedly looking beyond the United States for business growth. Temu, which had invested billions of dollars in the American market, is now looking to reduce its risk amid TikTok’s troubles with the U.S. government, The Wall Street Journal (WSJ) reported Monday (May 13), citing unnamed...
The CE 100 Index was 1% higher on the week, as a majority of pillars finished in the black. Porch Group soared 14%, powering the “Live” pillar 1.7% higher and continuing a post-earnings rally that has seen the stock appreciate by roughly 40% in less...
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 the fourth quarter of 2023 were $12.5 billion, up 123% from the same quarter a...
September 02, 2024
It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore up the track last week. Solid Q2 earnings performances from Affirm and Sezzle led the CE 100 to a flat performance for the week that ended August 30, and a […]
April 01, 2024
The CE 100 Index was 1% higher on the week, as a majority of pillars finished in the black. Porch Group soared 14%, powering the “Live” pillar 1.7% higher and...
June 12, 2023
The third quarter winds its way into the last few weeks of its final month. And in the latest weekly showing, the CE 100 Index gained 0.92%, buoyed by the...
May 29, 2023
All AI. All the time, it seems. The CE 100 Index headed into a shortened holiday week with only slight gains, up 0.5%. And as has been seen in recent...
September 01, 2024
PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. That’s the largest cash position of any listed company that doesn’t pay dividends or buy back shares, the Financial Times (FT) reported Sunday (Sept. 1), days after the Chinese company ruled out investor payouts, sending its stock tumbling. PDD’s stockpile […]
May 13, 2024
Chinese eCommerce company Temu is reportedly looking beyond the United States for business growth. Temu, which had invested billions of dollars in the American market, is now looking to reduce its risk amid TikTok’s troubles...
March 20, 2024
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 20, 2023
China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its revenues increasing, driven primarily by...
