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The Latest Breaking News from Pinduoduo

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Fortune

Temu: China's answer to Amazon is already Australia's most popular free app. What makes it so addictive?

If you spend much time online you’ve probably seen one of Temu’s colourful ads – punctuated by its catchy tagline: “shopping like a billionaire”.

The Conversation

PDD Holdings Jumps 15% On Earnings Beat; Revenue Up 66%

PDD stock jumped more than 15% Tuesday after the e-commerce company reported earnings that easily topped Wall Street analyst estimates.

Investors Business Daily

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Dow Jones Rises After Key Economic Data; Nio Dives, Pinduoduo Soars On Earnings

The Dow Jones Industrial Average rallied after key economic data Tuesday. Tesla stock rival Nio dived on earnings, while Pinduoduo soared.

Investors Business Daily

Fast fashion giant Temu accuses Shein of starting ‘war’ over US markets

Standoff between Chinese ultra-fast fashion brands escalates with lawsuit claiming Shein created exclusive manufacturing contracts

The Guardian - US

Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

The Independent UK

A once-obscure Chinese startup overtakes Shein In US

This time last year, hardly anyone in the U.S. knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.

Tribune News Service

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What to consider when using Chinese shopping app Temu

There are concerns of the information gathered by Telum, but experts say customers bear the responsibility over the data they hand over.

The New Daily

Who owns Temu? Weapons banned in UK apparently found on shopping app

The Chinese e-commerce site has come under pressure to enhance its verification procedure, get rid of hazardous products, and make independent sellers accountable when security breaches are discovered

Evening Standard

Competition and Weak Chinese Recovery Weigh on JD.com

JD.com (JD ), one of China’s largest online retailers, is struggling this year after rallying to an 8-month high in January. The stock price has fallen nearly -47% from January’s peak on disappointment about China’s uneven recovery from the pandemic and increased competition from other Chinese online retailers. After more...

Barchart

As the west tries to limit TikTok’s reach, what about China’s other apps?

With government concerns over national security growing, Beijing’s influence over platforms such as WeChat and Shein could come under scrutiny

The Guardian - UK

The Pinduoduo malware executed a dangerous zero-day against millions of Android devices

Pinduoduo was pulled from the Play Store for allegedly stealing sensitive data and deploying backdoors.

TechRadar

Google tells Android phone users to uninstall app over 'security concerns'

Chinese online retailer app Pinduoduo is no longer available via the Google Play Store

Bristol Post

Google urges all Android phone users to uninstall app immediately

The e-commerce app has been delisted from the Google Play Store - but people may still have it on their devices

Chronicle Live

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Wales Online

Google warns users to uninstall shopping app as it bans it from Play Store

It is unclear if there are similar security concerns around the Pinduoduo app for Apple users

Nottingham Post

Google issues warning urging Android phone users to uninstall shopping app immediately

The warning was issued with advice to uninstall the app

Daily Mirror

Google bans hugely popular Android app and warns users to delete it now

Google has just removed one of the most popular Android apps from its Play Store and is urging millions of people that use it to uninstall the software without delay.

Daily Record

Android users warned over 'dangerous' app and urged to delete it immediately

Google has issued a warning about the Chinese e-commerce app Pinduoduo as it's no longer available to download from the Play Store.

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Tom’s Guide

Everyone loves finding a great deal but the Pinduoduo shopping app is spreading malware to unsuspecting shoppers.

TechRadar

Google blocks Pinduoduo apps from Play Store over malware fears

Chinese ecommerce giant Pinduoduo banned from Google Play Store following over cybersecurity concerns.

The Independent UK

Google suspends Chinese shopping app amid security concerns

Google has suspended the Chinese shopping app Pinduoduo on its app store after malware was discovered in versions of the app from other sources

Investors Business Daily

Dow Jones Rallies 300 Points As UBS Buys Credit Suisse; First Republic Plunges 20% On Credit Downgrade

The Dow Jones rose Monday after UBS agreed to buy Credit Suisse, First Republic Bank plunged 20% on a credit rating downgrade.

Investors Business Daily

Dow Jones Futures: Tesla Among 7 Stocks Near Buy Points As Market Rally Revives

The stock market rally continued a dramatic comeback last week. Time for investors to act. Apple and Tesla are among stocks near buy points.

Investors Business Daily

China Internet Stocks Slammed On Fear Of Growing Competition

JD stock and other China internet stocks dropped as JD plans to spend $1.5 billion to create a subsidiary, raising fears of more competition.

Los Angeles Times

First came fast-fashion giant Shein. Now other Chinese brands are gunning for the same success

For nearly two decades, Bowen Tsui's family business in China has made garments to order for foreign clients to sell overseas under their own labels. Now, he believes the company's survival depends on whether it can design, brand and distribute clothing by itself.

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