One of the more interesting trends is the shift in consumer spending away from discretionary goods (52-55% in 2023) to consumables, seeing discretionary fall to <50% this year.

(Bloomberg) -- PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China.PDD, which ...

China fast-fashion retailer Temu soared like a rocket for two years—in just a few hours, its parent company lost more than $50 billion in market value Jason Del Rey Updated August 29, 2024 at 10 ...

Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.

PDD-owned Temu enters the Philippines to heat up competition in Southeast Asia's e-commerce market against Alibaba's Lazada and TikTok Shop South China Morning Post Mon, Aug 28, 2023, 2:30 AM 3 ...

Temu parent’s stock tumbles after a big earnings miss as competition intensified Per-share profit missed expectations for the first time in seven quarters, and by the widest margin in nearly 4 years ...

Chinese seller Temu suffered a stinging drop in market value today following a poor earnings report, perhaps hampering its drive to get domestic U.S. brand Trending Trending ...

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Temu: The Viral Shop-Like-A-Billionaire App Growing Like Wildfire And The Secret Marketing Trends Behind Explosive-Growth Startups by Caleb Naysmith Benzinga Editor Follow ...

According to a report on e-commerce market trends by mobile index firm IGAWORKS on the 26th, the cumulative number of new installations for Temu and AliExpress applications from the beginning of ...

Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.