Temu’s profits collapsed 47% after this single policy change forced a complete strategy overhaul
Chinese e-commerce giant Temu’s parent company PDD Holdings just reported a shocking 47% plunge in net profits to $2.03 billion despite 10% revenue growth, revealing how escalating trade tensions are crushing even the most aggressive global expansion strategies. This dramatic profit collapse exposes the hidden costs of operating in an increasingly fragmented global marketplace. The … Lire plus