Pinduoduo Stock News

Michael Burry's Scion Asset Management made some major changes to its portfolio during the first quarter, according to a filing with the SEC released on Thursday.

There are different rules for packages handled by commercial delivery firms like United Parcel Service, FedEx and DHL – which handle the majority of Temu and Shein packages.

Both U.S. and Chinese stocks rallied due to a de-escalation in the trade war, boosting the S&P 500 and Hang Seng Indexes. I reiterate a 'Buy' rating on the SPDR S&P China ETF due to its attractive valuation and strong dividend yield. GXC has high exposure to large caps and a balanced mix of value, blend, and growth, despite a concentrated allocation in consumer discretionary and communication s...

Temu and Shein reportedly have an opportunity to restock their U.S. warehouses during a temporary reduction in tariffs. An agreement between the U.S.

The recent tariff cut has offered a window for them to ramp up shipments from China and restock their warehouses and fulfill existing orders, supply chain experts say.  "30% is still high, but compared to 125%, 30% is basically nothing," said Jason Wong, who works in product logistics for Temu in Hong Kong.

President Trump lowered the tariffs on goods from China to 30%. Packages under $800 shipped directly to customers from China are still subject to high duties.

A Morgan Stanley survey found Americans are shopping less frequently on Temu.

That strategy change came as the firms rushed to prepare for last Friday, when President Trump ended a popular trade loophole.