pinduoduo

Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
March 20, 2023  |  Retail

China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its...

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CE 100 Index Notches 2.7% Gain as eCommerce Platforms Surge
CE 100 Index Notches 2.7% Gain as eCommerce Platforms Surge
January 09, 2023  |  Connected Economy

One week in, and the CE 100 Index has already gained some ground, up 2.7%. This time around, the tailwind came as investors notably bid...

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CE 100 Gains 3.1% as Tencent Leads Payment Names Higher
CE 100 Gains 3.1% as Tencent Leads Payment Names Higher
December 05, 2022  |  Connected Economy

Connected economy names surged as investors cheered signs of resilient consumer spending. To that end, the CE 100 Index outpaced the broader markets, gaining 3.1%...

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CE 100 Index Off 4.2% as Plunging Shopping Names Mute Gains by Banks
CE 100 Index Off 4.2% as Plunging Shopping Names Mute Gains by Banks
October 17, 2022  |  Connected Economy

Per usual, big banks were first out of the gate in releasing third-quarter earnings reports last week. Many more reports will come this week and...

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CE100 Index Drops as Investors Fret About Slowing Enterprise Tech Spend
CE100 Index Drops as Investors Fret About Slowing Enterprise Tech Spend
September 05, 2022  |  Connected Economy

The past week’s rout in the stock market — pick your market, any market, it seemed — continues into a new month and into a...

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Today in the Connected Economy: China’s Pinduoduo Debuts US eCommerce Platform
Today in the Connected Economy: China’s Pinduoduo Debuts US eCommerce Platform
September 02, 2022  |  Connected Economy

Today in the connected economy, Chinese eCommerce giant Pinduoduo opens Temu, its U.S. online shopping site. Also, Google tests alternative payment methods in new countries, and...

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Chinese eCommerce Firm Pinduoduo Launches US Offshoot
Chinese eCommerce Firm Pinduoduo Launches US Offshoot
September 02, 2022  |  eCommerce

Chinese eCommerce company Pinduodo has launched an online shopping site in the U.S. in its first major overseas expansion. According to published reports Friday (Sept....

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Affirm and Zoom’s Post-Earnings Slumps Haul CE100 Lower by 3.7%
Affirm and Zoom’s Post-Earnings Slumps Haul CE100 Lower by 3.7%
August 29, 2022  |  Connected Economy

No respite here. The Connected Economy 100 (CE100) Stock Index was off 3.7% for the week — though its performance was better than the major...

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Chinese Online Marketplace Pinduoduo Expands to US
Chinese Online Marketplace Pinduoduo Expands to US
August 22, 2022  |  eCommerce

Mostly known in China for connecting agriculture products to consumers, eCommerce marketplace Pinduoduo is reportedly expanding its platform globally, with the first launch in the...

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