PDD Holdings

PDD Holdings misses revenue estimates as profit falls 12%

PDD Holdings, the parent company of discount shopping platforms Temu and Pinduoduo, reported second-quarter revenue that fell short of Wall Street expectations on Monday, as fierce price competition in China and mounting trade barriers abroad squeezed growth and dragged profits…

EU charges Temu with obstructing Dublin raid in subsidy probe

The European Commission on Friday formally charged Chinese online retailer Temu for failing to cooperate during an unannounced inspection at its European headquarters in Dublin in December 2025, escalating Brussels' scrutiny of the platform under the EU's Foreign Subsidies Regulation.