Temu, SHEIN
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Markets Insider |
The elimination of the loophole is expected to impact discount marketplaces like PDD ‘s (PDD) Temu and Shein, which have relied on it to expand rapidly in the U.S.
The New York Times |
President Trump on Wednesday ordered the closure of a loophole that allows retailers to directly send clothes and other goods from China to American shoppers without paying tariffs.
Inc |
Beginning on May 2, packages containing goods from China worth less than $800 will be subject to either a tax of 30 percent of the value or a flat tax of $25 per package, which jumps to $50 on June 1...
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Citi analyst Alicia Yap tells investors in a research note that PDD‘s (PDD) Temu is likely to be the most impacted by raised tariffs and the
PDD Holdings may be on the verge of a bullish breakout, with key moving averages aligning and a potential Golden Cross forming.
President Trump's removal of the popular tariff exemption for goods from China that has hugely benefited bargain sellers
To increase average revenue per user, PDD uses subsidies to induce consumers to make purchases in categories they haven’t purchased in before. Temu, PDD’s overseas e-commerce platform ...
PDD Holdings, which owns Temu, reported a 2Q miss due to investments for long-term growth. Analysts remain positive.
PDD Holdings reported strong Q4 earnings with a Y/Y revenue growth rate. Click here to see why PDD stock is a Buy.
From 2016 to 2023, PDD's revenue grew at a jaw-dropping compound annual rate of 142%. It also turned profitable in 2021, and its net income grew at a compound annual rate of 178% over the following two years. That helped drive PDD's stock to a record high of $202.82 in February 2021 at the apex of meme stock mania.
Investors weren’t happy with President Donald Trump’s reciprocal tariffs, sending stocks plunging. The S&P 500 fell 4% at 10:14 a.m., the Nasdaq composite declined 5%, and the Dow Jones Industrial Average slid 3.
PDD Holdings Inc. is facing significant headwinds following the recent US tariff announcements, with Citi analysts predicting its international e-commerce platform, Temu, will bear the brunt of the new measures.