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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. ....

United States , South Korea , South Korean , Alibaba Taobao , Lei Chen , Colin Huang , Yinma Data Research , Morgan Stanley , Bloomberg Billionaires , Yinma Data ,

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 ....

United States , South Korea , Hong Kong , South Korean , Lei Chen , Colin Huang , Alibaba Taobao , Cable News Network Inc , Warner Bros , Yinma Data Research , Discovery Company , Morgan Stanley , Bloomberg Billionaires , Yinma Data , News Network ,

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 States , South Korea , Alibaba Taobao , Colin Huang , Lei Chen , Morgan Stanley , Pdd Holdings , Yinma Data Research , Bloomberg Billionaires , Yinma Data ,