{"id":55609,"date":"2025-05-28T12:03:58","date_gmt":"2025-05-28T12:03:58","guid":{"rendered":"https:\/\/kede.com.br\/news\/temus-chinese-owner-sees-profits-plunge-as-tariff-war-bites\/"},"modified":"2025-05-28T12:04:00","modified_gmt":"2025-05-28T12:04:00","slug":"temus-chinese-owner-sees-profits-plunge-as-tariff-war-bites","status":"publish","type":"post","link":"https:\/\/kede.com.br\/news\/temus-chinese-owner-sees-profits-plunge-as-tariff-war-bites\/","title":{"rendered":"Temu&#8217;s Chinese owner sees profits plunge as tariff war bites"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 hxuGS\">PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump&#8217;s trade policies added to its struggles in its home country.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first three months of the year fell to 14.74bn yuan ($2.05bn , \u00a31.5bn).<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Earlier this month, the Trump administration ended the so-called &#8220;de minimis&#8221; exemption that allowed parcels worth less than $800 (\u00a3593) enter the US without being hit with import duties.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">In China, PDD has been locked in a long-running price war with rivals like Alibaba and JD.com in the face of weak consumer spending.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cy8dvywypp2o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump&#8217;s trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[62],"tags":[3460,458,1188,563,2869,1008,3275,17316,1232],"_links":{"self":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/55609"}],"collection":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/comments?post=55609"}],"version-history":[{"count":1,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/55609\/revisions"}],"predecessor-version":[{"id":55611,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/55609\/revisions\/55611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media\/55610"}],"wp:attachment":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media?parent=55609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/categories?post=55609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/tags?post=55609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}