Budget shopping app provider Temu, owned by Pinduoduo parent PDD Holdings, may face regulatory hurdles if it enters the Indonesian market, local officials have warned. The platform's business model of selling from manufacturers directly to consumers is in conflict with domestic regulations that require "an intermediary" or "a distributor", Isy Karim, the director general of the domestic trade department in the country's trade ministry, said last week, according to CNN Indonesia. Karim said the g
The best China stocks include Tesla archrival BYD as well as messaging and gaming giant Tencent and e-commerce leader PDD Holdings.
Key Insights Given the large stake in the stock by institutions, PDD Holdings' stock price might be vulnerable to their...