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...
American legislators are concerned primarily about user data, hence their desire to ban TikTok. They fear that Beijing may leverage its influence over ByteDance, the parent company of TikTok, to obtain data from Americans and users worldwide. The proposed ban would not only affect government employees but, considering the potential risk, would b...
