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By Reuters Published May 27, 2025 PDD Holdings, the Chinese e-commerce giant, missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic platform Pinduoduo—an online marketplace known for ultra-low prices and group-buying deals—struggled with weak consumer sentiment, and its international arm Temu faced pressure from uncertain global trade policies. Pinduoduo and Temu drag […]
Read MoreBy Bloomberg Published May 6, 2025 Hugo Boss AG is rerouting products made in China to non-US markets, in another sign of how President Donald Trump’s tariff war is reshuffling global trade. See catwalkBoss – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Chinese-made apparel currently accounts for about 4% of Hugo Boss’s US […]
Read MoreBy Bloomberg Published May 3, 2025 Shein Group Ltd.’s initial public offering plan has slowed to a crawl as the retailer assesses the impact of US tariffs on its business and awaits regulatory approvals, according to people familiar with the matter. Shein- Facebook Enthusiasm for what could be London’s biggest IPO in years has been […]
Read MoreBy Bloomberg Published April 28, 2025 China’s e-commerce players are perhaps the most exposed to the trade war, the exception to arguments that the country’s tech sector will be able to weather the storm. Bloomberg If President Donald Trump’s tariffs hold, it would be devastating for the business models of PDD Holdings Inc.’s Temu, Shein, Alibaba Group Holding Ltd.’s international retailers, and […]
Read MoreBy Reuters Published April 16, 2025 Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as President Trump’s crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings. Reuters In letters to customers this week that mirror each other, both firms […]
Read MoreBy Reuters Published April 16, 2025 Italian luxury outerwear group Moncler on Wednesday reported a stronger than expected 1% increase in revenue in the first quarter thanks mostly to direct-to-consumer sales and Asian demand. Moncler Revenues for the three months to the end of March totalled 829 million euros ($944 million), ahead of a company-provided […]
Read MoreLiberation or decimation? While the 47th President of the United States is often seen as mercurial in his decision-making and penchant for threats, Donald Trump made good on a promise to impose further tariffs, this time mainly reciprocal to U.S. trade partners. In the first 48 hours of the announcement, stocks plummeted, and affected countries, […]
Read MoreBy Reuters Published March 20, 2025 PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. Shutterstock While government stimulus measures and deep price cuts from retailers have drawn some shoppers, PDD’s sales report indicates […]
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