BEIJING — Chinese e-commerce giant PDD Holdings announced on Thursday slower revenue growth for the third quarter running, as the Temu owner confronts trade tensions between Beijing and Washington.
The Shanghai-based company posted revenues of 110 billion yuan ($15 billion) in the three months to Dec. 31, up 24 percent year on year.
SLOW GROWTH This photograph taken on Dec. 6, 2024, shows the logo of Chinese e-commerce company Temu displayed on a smartphone. Temu’s parent company PDD Holdings on March 20, 2025, announced slow revenue growth amid the trade tensions between China and the United States. AFP PHOTO