Temu owner's shares drop as profits are cut in half by Trump tariffs — CEO blames ‘radical change'
1. PDD's shares fell 13.9% due to slow revenue growth. 2. Revenue growth of 10% was PDD's slowest since 2022. 3. Net profit dropped 47%, falling short of analyst expectations. 4. Tariffs and price hikes led to declining sales at Temu. 5. Competition from Alibaba and JD.com pressures PDD's Pinduoduo platform.