PDD Stock Recent News

Shares in e-commerce companies slide as the trade war between Washington and Beijing heats up.

Shares of Amazon.com and PDD Holdings, the owner of popular Chinese shopping app Temu, fell on Wednesday after the U.S. Postal Service said it would stop accepting parcels from China and Hong Kong.

Shares of Chinese e-commerce stocks Alibaba (BABA 4.09%), Tencent (TCEHY 3.66%), and PDD Holdings (PDD 8.08%) were rallying on Tuesday, up 4.7%, 4.1%, and 8.8%, respectively, as of 1 p.m. ET.

Shares of Temu parent PDD Holdings plunged after President Donald Trump announced new tariffs on the country's top three trading partners. Trump's order struck down the "de minimis" trade exemption, which allows packages under $800 to enter the U.S. duty free.

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Among the tech stocks most in focus heading into this headline-filled week is Temu parent PDD Holdings (NASDAQ:PDD).

President Donald Trump's tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers like Temu and Shein. Lawmakers have zeroed in on the "de minimis" provision in recent years, arguing it has helped Chinese e-commerce companies undercut competitors with lower prices.

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The European Union is planning to make e-commerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, the Financial Times reported on Saturday.

PDD Holdings Inc. Sponsored ADR (PDD) concluded the recent trading session at $104.01, signifying a +0.9% move from its prior day's close.