With its low-cost, direct-from-manufacturer model, Chinese e-commerce giant Temu has entered the Nigerian market, challenging local players such as Jumia, Konga, and Jiji. Analysts predict this ...

Competition comes from rivals like fellow China-founded cut-priced fast-fashion retailer Shein, and as Amazon.com Inc. (AMZN) launched its own Amazon Haul store with products priced at $20 and under.

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.

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: ...

On the stock market today, PDD stock fell 28.4% to close at 100, gapping down well below its 50-day and 200-day lines. PDD Leadership Expects 'Short-Term Sacrifices' ...

Temu, a Chinese e-commerce platform, has come under scrutiny by the Competition Commission of Pakistan (CCP) over alleged ...

PDD Group's Temu sells $9 dresses and $12 women's shoes. Shein's website drew 28.6 million unique monthly visitors in October, up 7.25% from a year earlier, according to SimilarWeb.

Dollar Tree is closing underperforming stores and pivoting away from high-theft areas and items, but it has not proven its ability to retain a moat. Learn more on DLTR stock here.

Corrected, Feb. 15, 2024: An earlier version of this article incorrectly referred to ABC. The article has been updated to clarify that CBS is owned by Paramount PARA and was the network that ran ...

The parent company of Temu and Pinduoduo reported revenue of 97.1 billion yuan (US$13.6 billion) for the period ending June 30, which grew by 86% year over year.

Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at London's High Court, with the rivals trading allegations of copyright infringement and anti-competitive behaviour in ...

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 ...