How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company
Growth of PDD's Temu marketplace has helped the comapny lead China's e-commerce arena.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesPDD's value-for-money positioning and growth of its Temu marketplace has helped the company lead China's e-commerce arena, analysts said, making it the country's most valuable company in the segment.PDD Holdings reported stellar first-quarter results on Wednesday last week, sending its shares surging as much as 7.5%, and driving its market-cap past that ...
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