PDD Holdings

BNPL Firms Save the Day as CE 100 Breaks Even for Week
BNPL Firms Save the Day as CE 100 Breaks Even for Week
September 02, 2024  |  Connected Economy

It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore...

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Temu Parent Accumulates $38 Billion Cash Stockpile
Temu Parent Accumulates $38 Billion Cash Stockpile
September 01, 2024  |  eCommerce

PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. That’s the largest cash position of any listed company that...

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Temu Tepid About US Thanks to TikTok Turmoil
Temu Tepid About US Thanks to TikTok Turmoil
May 13, 2024  |  Retail

Chinese eCommerce company Temu is reportedly looking beyond the United States for business growth. Temu, which had invested billions of dollars in the American market, is now...

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CE 100 Index Adds 1% as Porch Group Extends Post-Earnings Rally
CE 100 Index Adds 1% as Porch Group Extends Post-Earnings Rally
April 01, 2024  |  Connected Economy

The CE 100 Index was 1% higher on the week, as a majority of pillars finished in the black.  Porch Group soared 14%, powering the...

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PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
March 20, 2024  |  Earnings

PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.”...

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CE 100 Index Gives Up 1.2%, Led by Zillow’s Share Slide
CE 100 Index Gives Up 1.2%, Led by Zillow’s Share Slide
March 18, 2024  |  Connected Economy

The CE 100 Index lost 1.2% as the end of earnings season is in sight. Year to date, the Index has trailed several of the...

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CE 100 Stock Index Up 0.9% as Vroom and eCommerce’s Temu Parent Firm Gain Ground
CE 100 Stock Index Up 0.9% as Vroom and eCommerce’s Temu Parent Firm Gain Ground
June 12, 2023  |  Connected Economy

The third quarter winds its way into the last few weeks of its final month.   And in the latest weekly showing, the CE 100 Index...

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AI Dominates CE 100 Headlines but Index Posts Muted 0.5% Gain
AI Dominates CE 100 Headlines but Index Posts Muted 0.5% Gain
May 29, 2023  |  Connected Economy

All AI. All the time, it seems. The CE 100 Index headed into a shortened holiday week with only slight gains, up 0.5%. And as...

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Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
March 20, 2023  |  Retail

China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its...

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