Business > Foreign Business
Temu's owner sees slow revenue growth

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 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
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

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.

Continue

OR

See our subscription options.

Already have an account? Log in here