Temu-owner PDD spooked China's e-commerce giants last year with its low prices. Now the upstart has almost doubled its annual profits

Pinduoduo and Temu, both owned by PDD Holdings, is winning over customers in both China and the U.S. through low prices.

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Temu-Owner PDD Soars After Strong Sales Defy Chinese Gloom - Bloomberg

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Temu-Owner PDD Soars After Strong Sales Defy Chinese Gloom

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