Tag: Sage
Temu shares slump with China slowdown, Oppo Find X8 series launches globally
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement. It comes after PDD's main rivals in its home market, Alibaba and…