PDD Holdings (NASDAQ: PDD) stock price has moved into a correction zone as concerns about Temu’s growth rise. The shares have slipped by more than 14% from their highest point this year. This retreat gives the Chinese behemoth a market cap of over $169 billion. Temu growth concernsCopy link to sectionPDD Holdings, the parent company spent heavily on the latest Super Bowl event. The firm spent millions airing six ads and offering $10 million worth of giveaways. This made it the biggest spender during the eve ...

Temu's Super Bowl ads sparked a surge in online searches despite recent downturn among users. The e-commerce company splurged on three spots during Sunday's big game. The advertisement campaign comes as Temu seeks to win US users and sales.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By click ...

Fast fashion retailer Temu’s Super Bowl ads drew the ire of lawmakers in Congress over the China-based company’s links to products made with the use of forced labor in Xinjiang as well as its data-sharing policies. Temu, which is linked to e-commerce firm Pinduoduo through their shared parent company PDD Holdings, ran several ads that encouraged viewers to download its app so they can "shop like a billionaire" and be eligible for $10 million in giveaways on the site. Temu’s Super Bowl ads cost roughly $7 mi ...

Temu proved yesterday that it is coming for U.S. markets. The Chinese e-commerce disrupter has drawn significant criticism both from consumers and industry experts who have accused it of spying on users. But that hasn’t stopped the shopping app, owned by Chinese conglomerate Pinduoduo (NASDAQ:PDD), from working hard to gain a share of U.S. markets. Recently, this has included buying up a significant amount of Super Bowl ad space. The company turned many heads when it debuted a new commercial during yesterda ...

Shares of rising Chinese e-commerce star PDD Holdings (PDD 3.95%) are rising themselves Monday morning, up 3.8% through 10:05 a.m. ET. The reason?Last night's Super Bowl featured a long list of commercial advertisers. One of the most often repeated ads over the course of those five quarters of football featured an orange-themed paean to shopping on fast-fashion website Temu -- which as it so happens is owned by PDD Holdings.The Temu adThis morning, Temu investors aren't exactly shopping "like a billionaire. ...

Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence last year after it ran an ad during the big game just a few months after it was founded. Last year's advertisement touted Temu's low prices and invited consumers to shop "like a billionaire." The multi-million dollar investment put Temu on the map ...

In addition to the commercial, Temu will be giving away $5 million in coupons and credits, an initiative already underway. On the day of the Super Bowl, Temu plans to do an additional $10 million in giveaways, the spokesperson said.It's rare for a Chinese firm to buy a Super Bowl ad spot, which costs millions of dollars . But this will be Temu's second ad at the football event — it ran its first commercial last year, underscoring how aggressively its parent company PDD is trying to crack the U.S. market.Tem ...

In the latest market close, PDD Holdings Inc. (PDD) reached $126.66, with a -1.65% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.06% for the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.24%.The company's shares have seen a decrease of 13.68% over the last month, not keeping up with the Retail-Wholesale sector's gain of 8.04% and the S&P 500's gain of 6.45%.The investment community will be closely monitoring the performan ...

Core Insights - The domestic catering industry in China has achieved a record revenue of 5.2 trillion yuan in 2023, marking a 20.4% year-on-year increase, significantly outpacing the growth of retail sales of consumer goods by 13.2 percentage points [1] - Despite the growth, the industry faces intensified competition with a surge in new entrants and a significant increase in business registrations and cancellations, indicating a challenging environment for many catering companies [1] - Consumer preferences are shifting towards quality and experience, leading to a decline in average spending per customer while costs for ingredients, labor, and rent continue to rise, putting pressure on profitability [1][2] - The industry is expected to experience a "Pinduoduo era," where businesses compete on comprehensive cost-performance ratios, emphasizing the need for differentiation and scale to survive [1][3] Industry Trends - **Differentiation and Scale**: Companies must focus on achieving both differentiation and scale to thrive in the competitive landscape. Major brands like Starbucks and McDonald's are expanding their store counts significantly, with Starbucks aiming for 9,000 stores by 2025 [1][2] - **Pursuit of Efficiency and Experience**: Catering businesses are increasingly focused on operational efficiency and enhancing customer experience. This includes standardization and digitization to improve service speed and quality [3][5] - **Full Chain and Full Domain Strategies**: Companies are adopting comprehensive supply chain strategies to reduce costs and improve profitability. For instance, brands like Mixue Ice City are building complete supply chain systems to enhance efficiency [6][7] - **Small and Beautiful Models**: The trend towards smaller, more flexible restaurant formats is gaining traction. This includes small dining establishments and community-focused outlets that cater to local markets, particularly in lower-tier cities [8][9]

1月31日，胡润研究院发布了《2023胡润世界500强》名单，列出了世界500强非国有企业，并按照企业市值（以2023年10月31日收盘价计）或估值（参考同行或最近一轮融资）进行排名。最新排名显示，苹果、微软、谷歌母公司字母表、亚马逊、英伟达、脸书/元、伯克希尔哈撒韦、特斯拉、礼来和台积电，分别占据前十席。 今年中国共有33家企业上榜，总数较去年减少2家。 胡润百富网站截图，下同 美国、中国企业数量位列前二 从上榜公司分布来看，美国共有261家公司入选，牢牢占据着胡润世界500强榜单的一半以上。这些公司总价值为247万亿元，从行业分布来看，金融服务（43家）、医疗健康（31家）和能源行业（31家）保持领先。同时期，中国有33家中国企业进入胡润世界500强，排名第二。 虽然中国上榜公司总数少于美国，但是中国上榜企业的平均年龄仅为27岁，远远低于整个榜单的平均年龄68岁——差不多得成立于1955年。按照胡润研究院的说法，报告期内，5家中国公司新上榜，分别是理想汽车、快手、安踏体育、立讯精密和海尔智家；7家公司下榜，分别是隆基绿能、京东科技、通威、爱尔眼科、顺丰控股、泰康集团和牧原食品。 胡润研究院表示，在上榜中 ...