The Gen Z favorite alleges that Temu and its sellers are hawking counterfeits branded with its intellectual property.

Shares of the highflying, U.S.-listed PDD, parent of Temu, plunged 31% last week after the company unveiled results. The numbers themselves weren’t what spooked the market—they were decent.

Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.

Temu parent’s stock tumbles after a big earnings miss as competition intensified Per-share profit missed expectations for the first time in seven quarters, and by the widest margin in nearly 4 years ...

China-based company said profit will likely be hurt by plans to invest in the business, as competition intensifies Last Updated: Aug. 26, 2024 at 10:48 a.m. ET First Published: Aug. 26, 2024 at 6: ...

One of the more interesting trends is the shift in consumer spending away from discretionary goods (52-55% in 2023) to consumables, seeing discretionary fall to <50% this year.

Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at ... Temu gear up for 2026 UK trial over copyright and competition claims. By Reuters. November 5, 2024 12:10 PM UTC ...

Temu did not respond to a request for comment on the drop in US daily users or the headwinds it faces in the US market. Engagement on Temu has dropped significantly following the end of the ...

One primary reason for Forever 21's bankruptcy filing is competition from Shein and Temu, something the head of Authentic Brands, the fast fashion retailer's brand and intellectual property owner ...

Temu’s Parent, a Victim of Competition or Its Own Success? PDD suddenly lost a third of its value following a cautious outlook; its founder had briefly become China’s richest man. By .

Temu parent's stock tumbles after a big earnings miss as competition intensified Provided by Dow Jones Nov 21, 2024, 12:36:00 PM.