Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.

In the June quarter, Temu was the largest digital advertiser in Australia and Shein ranked in the top 25, according to analysis by market intelligence company Sensor Tower. And they have been gaining large audiences, according to unpublished data from Ipsos iris of users by PCs/laptops, smartphones and tablets.

Carter's sales improved as Temu and Shein are facing massive issues. The market is overly focused on tariff uncertainty, presenting an opportunity to buy CRI stock for cheap.

Brussels officials opened an investigation over concerns that Temu may have violated several provisions of the Digital Services Act.

Temu, a Chinese e-commerce platform, has come under scrutiny by the Competition Commission of Pakistan (CCP) over alleged misleading practices that are distorting the local market, Azernews reports, citing foreign media.

Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.

NEW YORK (Reuters) -Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to their websites this holiday season, but they far lag market leader Amazon.com where it ...