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Meituan Posts Third Straight Profit After Chinese Travel Grew

(Bloomberg) Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy slowing growth for its core business under China’s uneven economic recovery.Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresSingapore High Court Grants Injunction Against PM Lee’s BrotherRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorIsrael, Hamas Extend ....

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PDD Surges 14% After Hit App Temu Wrests Shoppers From Shein

(Bloomberg) PDD Holdings Inc. surged more than 14% after reporting a stronger-than-anticipated doubling in revenue, as hit shopping app Temu ramped up discounts and marketing to grab consumers from Shein and Amazon.com Inc.Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresMusk’s Cybertruck Is Already a Production Nightmare for TeslaSingapore High Court Grants Injunction Against PM Lee’s BrotherIsrael and Hamas Trade Blame Amid Claims of Truce ViolationsAm ....

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PDD Sales Beat Estimates After Temu Wrests Shoppers From Shein

PDD Sales Beat Estimates After Temu Wrests Shoppers From Shein
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