The CEO of Temu's Parent Sees a 'Rational' Consumer Out There

Key TakeawaysThroughout this earnings season, executives at consumer-facing companies have described a shopping public increasingly willing to search for value.Lei Chen, co-CEO of Chinese Temu parent PDD Holdings, has a name for them: "rational" consumers.Those consumers, Chen said, are making more "thoughtful" decisions about balancing value and quality. Throughout this earnings season, executives at consumer-facing companies have described a shopping public increasingly willing to search for value. Lei C ...