0558 GMT - PDD Holdings' Temu, which has a significant exposure to the U.S., is likely to be the most affected by higher U.S. tariffs among Chinese tech names, Citi analysts say in a research note. The analysts note Temu has taken some measures ahead of time to address challenges, such as shifting its U.S. model to a semi-managed model, where merchants have some flexibility to operate and manage their inventories over the past few months. Many sellers have already front-loaded some inventory for storage at U.S. warehouses. However, the steeper-than-expected tariffs and removal of the de minimis exemption will still cause significant uncertainty for the Temu business over time, Citi says. PDD's ADRs last closed at $119.07. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 01:58 ET (05:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。