PDD Holdings Inc_ Temu Progress Check_ 12_24
China Securities·2025-01-10 02:26
January 6, 2025 04:06 PM GMT PDD Holdings Inc | Asia Pacific Temu Progress Check: 12/24 Key Takeaways Exhibit 1: Number of countries that Temu has entered (fully entrusted model) Exhibit 2: Number of countries that Temu entered (semi-entrusted model) 1 0 3 18 25 1 8 15 11 7 0 5 10 15 20 25 30 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 # of countries that Temu entered (fully-entrusted model) Source: Temu website, Morgan Stanley Research Exhibit 3: Temu's monthly downloads 0 10 20 30 40 50 60 70 Sep-22 ...