PDD

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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CE 100 Index Gains 0.3% as Meta Soars 20% Post-Earnings
CE 100 Index Gains 0.3% as Meta Soars 20% Post-Earnings
February 05, 2024  |  Connected Economy

Meta dominated the CE 100 Index’s earnings-related news this week, soaring on commentary that users are engaging more often with its app. The overall index...

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CE 100 Index Gains 4.2% as Shopping Platforms Surge
CE 100 Index Gains 4.2% as Shopping Platforms Surge
September 04, 2023  |  Connected Economy

All pillars of the CE 100 Index were in positive territory as August ended and opened the door to September trading. The overall index was...

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Report: Shein and Temu Fight Two-Front Battle for Fast-Fashion Market
Report: Shein and Temu Fight Two-Front Battle for Fast-Fashion Market
July 30, 2023  |  Retail

Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” That suit followed an earlier one filed in federal court in March in which...

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