Temu's Profit Plunges Amid Tariff Turmoil Rises.
PDD Holdings' profits fell by nearly 50%, Due to trade wars and tariffs, a financial blow.
In China's land of e-commerce fame,
PDD Holdings struggled, with profits in flames.
A 50% drop, oh what a sight,
Due to Trump's trade policies, day and night.
PDD Holdings struggled, with profits in flames.
A 50% drop, oh what a sight,
Due to Trump's trade policies, day and night.
The shares fell 13%, a sad, sad day,
As profits dropped to 14.74bn yuan's way.
The "de minimis" exemption, a thing of the past,
Left parcels worth less than $800, to face the tax at last.
As profits dropped to 14.74bn yuan's way.
The "de minimis" exemption, a thing of the past,
Left parcels worth less than $800, to face the tax at last.
In China, a price war, with Alibaba and JD too,
Weak consumer spending, left PDD feeling blue.
Chairman Chen Lei, said tariffs were the blame,
A "radical change" that caused PDD's profit to wane.
Weak consumer spending, left PDD feeling blue.
Chairman Chen Lei, said tariffs were the blame,
A "radical change" that caused PDD's profit to wane.
The US-China trade war, a pressure so great,
On PDD's merchants, a heavy weight to bear and wait.
Duty-free treatment, a thing of the past,
Temu and Shein, now face hefty tariffs at last.
On PDD's merchants, a heavy weight to bear and wait.
Duty-free treatment, a thing of the past,
Temu and Shein, now face hefty tariffs at last.
They stopped selling goods, from China to the US shore,
But a thaw in trade tensions, brought a tariff rate in store.
For 90 days, the rate was slashed by half with glee,
But for PDD, the struggles, still a reality.
But a thaw in trade tensions, brought a tariff rate in store.
For 90 days, the rate was slashed by half with glee,
But for PDD, the struggles, still a reality.
In Europe and the UK, more issues did abound,
A two-euro flat fee, on small parcels, a new tax to be found.
Online marketplaces, to pay the fee with a sigh,
PDD and its rivals, still struggling, wondering why.
A two-euro flat fee, on small parcels, a new tax to be found.
Online marketplaces, to pay the fee with a sigh,
PDD and its rivals, still struggling, wondering why.