PDD Holdings, the parent company of Chinese e-tailer Temu, has beaten analysts' estimates, posting a 131 percent year-on-year increase in revenue to 86.81 billion yuan (275.6 billion CZK) in the first quarter. This growth is attributed to Temu's strong consumer acceptance in international markets. Launched in September 2022, Temu's online mar...
The troubles of the Polish company Allegro, which bought the Mall Group two years ago, including the Czech e-shop CZC, seem to be a permanent problem. The recent layoffs of employees within the Czech e-shops and the slowing pace of transformation of the long-losing business point to the difficult situation the company faces in the e-commerce mar...
