PDD News Explorer

US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement.

The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.

EXCLUSIVE: The House Intelligence Committee is requesting a briefing from the FBI and Securities Exchange Commission on the Chinese fast-fashion giant Temu.

Chinese e-commerce stocks jumped after the country's central bank announced a broad stimulus package. Alibaba, JD.com, and Pinduoduo led the surge.

Shein and Temu have been able to ship packages under $800 to the US without facing tariffs.

(Bloomberg) -- One of the last remaining bright spots for Chinese consumption is rapidly fading, as the nation’s economic malaise takes a toll on demand for even the most accessible of goods.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityWith Housing Costs High,

The Dow rallied to a new record high after a winning week for stocks.