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)
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