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Online shop Temu has become famous for its rock-bottom prices - But there are some major catches

Online shop Temu has become famous for its rock-bottom prices - But there are some major catches
thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.

United kingdomUnited statesProvincia de artemisaAlicia kearnsNeil saundersJohn lewisRocio conchaHendrick schaferInes durandColin huangChina market research groupUs senateForeign affairsDongguan tersen electronics in guangdongAmnesty internationalEuropean consumer organisation

Online shop Temu has become famous for its rock-bottom prices - But there are some major catches

Online shop Temu has become famous for its rock-bottom prices - But there are some major catches
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

United statesUnited kingdomProvincia de artemisaAlicia kearnsColin huangInes durandJohn lewisRocio conchaNeil saundersHendrick schaferEuropean consumer organisationUs senateChina market research groupAmnesty internationalForeign affairsDongguan tersen electronics in guangdong

Pinduoduo: Americans are flocking to Temu and making its Chinese owner very rich

PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its bargain shopping apps for low-cost products.

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Bargain-hungry Americans are flocking to Temu and making its Chinese owner very rich

Hong Kong (CNN) — PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers

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Bargain-hungry Americans flock to Temu, making its Chinese owner rich

PDD Holdings, the parent company of Temu and Pinduoduo, is exceeding market expectations with a significant increase in profit and revenue, driven by strong demand from American and Chinese consumers for its low-cost shopping apps. The Shanghai-based company reported a 246% increase in net profit, reaching 28 billion yuan ($3.9 billion) in the first quarter

United statesSouth koreaAlibaba taobaoColin huangLei chenMorgan stanleyPdd holdingsYinma data researchBloomberg billionairesYinma data