PDD Holdings reports fiscal Q4 results, missing revenue estimates but beating earnings. Stock trading lower premarket.

Temu owner PDD and Alibaba were among the Chinese stocks tumbling Monday. Retaliatory levies on U.S. imports weren't the only reason investors were in a sour mood.

PDD Holdings, a major Chinese e-commerce firm, owns Temu, launched in the U.S. in September 2022. Temu's app became the most downloaded in the U.S. by March 2023, signaling a strong response.

Temu’s rise was aided by its parent company, PDD Holdings (PDD), which spent a lot of money on ads, and also Donald Trump, for his tariffs on China raised the cost of other products but a ...

Shares of Temu parent PDD Holdings plunged after President Donald Trump announced new tariffs on the country's top three trading partners. Trump's order struck down the "de minimis" trade ...