Temu Owner PDD Experiences Significant Sales Decline Amidst China’s Market Challenges

PDD Holdings, the parent company of popular e-commerce platform Temu, has reported a notable deceleration in sales growth, directly linked to the ongoing challenges facing the Chinese market. As the company navigates these turbulent economic waters, their latest quarterly results paint a sobering picture that raises concerns about future profitability and market strategies.

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Chinese EV Giants BYD and SAIC See Lowest European Sales in Over a Year

In a surprise turn of events, Chinese electric vehicle makers BYD Co. and SAIC Motor Corp. reported the lowest sales figures in Europe in more than a year, marking a sharp decline from the recent boom period for exports to the continent.

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