Does Pinduoduo Own Temu?
Temu is the latest e-commerce platform that is creating a buzz with smart and savvy online shoppers as the platform offers the best value for money with high-quality goods at reasonable prices. As a sister company to Pinduoduo, Temu is able to tap into the same fulfillment chain as the largest agricultural platform in the world. Both Temu and Pinduoduo are part of PDD Group, which is listed on the Nasdaq under the PDD ticker. The network consists of an ecosystem of more than 11 million global manufacturers and suppliers serving close to 900 million customers to date. Q3 2022 hedge fund letters...