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.

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 ...

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 ...

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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 ...

China-based company said profit will likely be hurt by plans to invest in the business, as competition intensifies Last Updated: Aug. 26, 2024 at 10:48 a.m. ET First Published: Aug. 26, 2024 at 6: ...

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.