Temu growth decelerating sharply as de minimis loophole closes in US and EU, and competitive intensity rises (Shein, Amazon Haul). Domestic Pinduoduo also showing growth deceleration as Taobao fights back. Margins set to compress materially in 2026 as marketing spend rises and Temu unit economics deteriorate.
Thesis reviewed May 29, 2026
PDD Holdings Inc is headquartered in China, which is currently showing moderate signals.
π¨π³China52NEUTRALView China risk detail βπConsumer22NEUTRAL| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| JD | JD.com Inc | 27 | +13% | β2% | EARLY |
| NIO | NIO Inc | 27 | -10% | β2% | AVOID |
| LI | Li Auto Inc | 27 | +7% | β2% | NEUTRAL |
| BTI | British American Tobacco PLC | 27 | +14% | β2% | EARLY |
| DEO | Diageo PLC | 27 | +8% | β2% | NEUTRAL |
| RACE | Ferrari NV | 27 | +17% | β2% | EARLY |
| TM | Toyota Motor Corporation | 27 | +12% | β2% | EARLY |
Investors who hold PDD may also have indirect exposure through these country funds.
US passes de minimis tariff reform; Temu landed costs to rise 25-40%
Temu downloads decline 18% in US in Q4
PDD operating margin guides down 800bps for 2026
Estimates Β· Yahoo Finance Β· Not audited figures