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Temu owner PDD Holdings posted lower profit but still beat Wall Street's expectations

Net income dropped 12% year over year to $4 billion, but analysts had expected a steeper decline [...]

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thenextweb
Temu-Owner PDD beats profit estimates as revenue growth slows to 8%

PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose about 3.5% premarket [...]

Match Score: 150.93

Destination
Temu parent sees stock plummet after earnings miss

Temu’s parent company, PDD Holding, saw shares fall about17% on Tuesday morning after reporting a major first-quarter earnings miss. Read more... [...]

Match Score: 101.83

Destination
Temu is poaching Amazon and Walmart employees as it builds an army of sellers

Temu (PDD), the Chinese e-commerce giant known for affordable goods and labor complaints, is recruiting employees from major competitors — including Amazon and Walmart — in order to aggressively e [...]

Match Score: 81.76

Destination
Beat Saber support is ending on PS VR and PS VR2

It's the end of the line for Beat Saber on PS VR and PS VR2. While you'll still be able to buy and play the base game on both platforms, as well as any songs and music packs that were releas [...]

Match Score: 61.16

thenextweb
Brussels fines Temu €200M under the DSA for unsafe baby toys and faulty chargers

The Temu fine, the second-ever DSA penalty after X’s €120M in December, gives the EU’s online-safety regime its first major Chinese-platform enforcement case. The European Commission has fined T [...]

Match Score: 59.21

thenextweb
Shein takes Temu to London’s High Court over “industrial-scale” copyright theft

The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused T [...]

Match Score: 53.44

Destination
OpenAI’s new for-profit plan leaves many unanswered questions

OpenAI has abandoned its controversial restructuring plan. In a dramatic reversal, the company said Monday it would no longer try to separate control of its for-profit arm from the non-profit board th [...]

Match Score: 51.20

venturebeat
Meta's AI support agent bound recovery emails for anyone who asked. Your SOC never saw an alert.

Meta's AI support agent bound recovery emails to accounts for whoever asked, and SOCs never saw an alert. An authorized agent writes a log of legitimate transactions, so nothing in the detection [...]

Match Score: 50.00

Destination
TikTok, Temu and more face complaints alleging GDPR violations in EU

Austrian privacy advocate NOYB has launched its first GDPR complaints against Chinese businesses. The organization has filed complaints against TikTok, Xiaomi, Shein, AliExpress, Temu and WeChat, alle [...]

Match Score: 45.81