BusinessPostCorner.com
No Result
View All Result
Thursday, July 17, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Temu’s Chinese owner sees profits plunge as tariff war bites

May 28, 2025
in Business
Reading Time: 1 min read
A A
0
Temu’s Chinese owner sees profits plunge as tariff war bites
ShareShareShareShareShare

PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump’s trade policies added to its struggles in its home country.

US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first three months of the year fell to 14.74bn yuan ($2.05bn , £1.5bn).

Earlier this month, the Trump administration ended the so-called “de minimis” exemption that allowed parcels worth less than $800 ($593) enter the US without being hit with import duties.

In China, PDD has been locked in a long-running price war with rivals like Alibaba and JD.com in the face of weak consumer spending.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Donald Trump offers Canada free ‘Golden Dome’ protection if it gives up sovereignty

Next Post

Banks urged not to ‘label’ people with poor credit scores

Next Post
Banks urged not to ‘label’ people with poor credit scores

Banks urged not to 'label' people with poor credit scores

After widespread slowdown, Port of LA import surge is a sign Trump’s ‘whipsaw’ tariffs sparked ‘one last’ stockpiling push, executive director says

After widespread slowdown, Port of LA import surge is a sign Trump’s ‘whipsaw’ tariffs sparked ‘one last’ stockpiling push, executive director says

July 15, 2025
Whale Wallet Transfers Bitcoin Worth .1B to Galaxy Digital After Long Lull — Top Signal?

Whale Wallet Transfers Bitcoin Worth $2.1B to Galaxy Digital After Long Lull — Top Signal?

July 15, 2025
BlackRock’s Q2 Digital Asset Inflows Reach B, Total AUM Hits .6B

BlackRock’s Q2 Digital Asset Inflows Reach $14B, Total AUM Hits $79.6B

July 15, 2025
Cardano Price Prediction: ADA Explodes 30% in a Week – ADA to ?

Cardano Price Prediction: ADA Explodes 30% in a Week – ADA to $10?

July 14, 2025
Trump’s DOJ sues to oust Hollywood movie CEO and 2 others from broadcasting board

Trump’s DOJ sues to oust Hollywood movie CEO and 2 others from broadcasting board

July 16, 2025
EU delays retaliatory trade tariffs against US

EU delays retaliatory trade tariffs against US

July 13, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

How much is AI really replacing jobs? Goldman Sachs looks under the hood and has 3 takeaways to defuse the hype

How much is AI really replacing jobs? Goldman Sachs looks under the hood and has 3 takeaways to defuse the hype

July 17, 2025
Westpac and Australia’s RBA Launch Chainlink-Based Tokenized Asset Settlement Project

Westpac and Australia’s RBA Launch Chainlink-Based Tokenized Asset Settlement Project

July 17, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!