Chen Lei said that PDD will not make buybacks or dividends in the next few years.

PDD made its debut on 2024 Fortune Global 500 list with revenue of $34.981 billion.

The European Commission is planning to lift the tariff exemption threshold for goods below 150 euros. Officials have stated that the main platforms targeted are China's online market Temu and AliExpress, as well as clothing retailer Shein.

Amazon plans to launch a new section of its website dedicated to low-priced fashion and lifestyle products, allowing Chinese sellers to ship directly to U.S. consumers.

On Wednesday (June 26th), Amazon's stock price rose 3.9% to close at $193.61, with a total market value exceeding $2 trillion for the first time.

AliExpress, an international e-commerce site owned by Chinese e-commerce giant Alibaba, is understood to have signed former Manchester United and Real Madrid star David Beckham as a brand ambassador.

According to foreign media reports, Temu invested about $2 billion in advertising spending on the Meta platform in 2023 and ranked among the top five Google advertisers.。

On January 29th, Morgan Stanley analysts released a research report stating that the rapid popularity of Pinduoduo's Temu shopping application in the United States may have reached its peak. Affected by this, Pinduoduo's stock price fell 8.2% on Monday.

Online retailer Temu reopens lawsuit against Shein in US, says Shein engaged in "mafia-style intimidation" against suppliers。

According to data from Earnest Analytics, as of November, Temu held nearly 17% of the market share in the discount store category in the United States.

On November 28, Pinduoduo announced its financial results for the third quarter ended September 30, 2023, with excellent overall performance.。Affected by the bright results, on November 28, Pinduoduo closed at 138.$96, up more than 18% to a 31-month high。

Recently, according to data.According to ai, Temu has long maintained its leading position in the ranking of shopping applications in Japan and South Korea, and has surpassed Shein。

On August 29, e-commerce company Pinduoduo released its 2023 second quarter results report.。Report data shows that Pinduoduo Q2 revenue is 522.8.1 billion yuan (RMB, the same below), up 66% year-on-year, far exceeding market expectations of 432.800 million yuan; adjusted net profit of 152.6.9 billion yuan, up 42% year-on-year; also greatly exceeded market expectations of 85.9.9 billion yuan。

On June 14, according to media reports, Amazon excluded its new competitor Temu from its price search algorithm, saying it did not meet the criteria.。Amazon's pricing algorithm uses automatic and manual tracking methods to check products inside and outside the Amazon platform to ensure that the asking price of merchants on its platform is not significantly higher than that of Amazon competitors。