Business
Temu owner Pinduoduo nearly doubles annual profit
Chinese low-price online retailer Pinduoduo, the owner of the Temu app and Alibaba's main competitor, almost doubled its net profit in 2023, the group announced on Wednesday. The Shanghai-based giant, which has made affordable products its speciality since launching in China in 2015, posted a year-on-year net profit jump of 90 percent in 2023 to...
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