FT: PDD – The mysterious Chinese e-commerce giant behind Temu

In the fast-paced world of e-commerce, a mysterious player has emerged, captivating Wall Street with its meteoric rise and enigmatic operations. PDD Holdings, the parent company behind Temu, presents a compelling vision of revolutionizing global retail, akin to a faster, leaner Amazon. However, questions abound regarding its finances, staff levels, and logistical infrastructure, leaving investors intrigued yet cautious. With a narrative as captivating as its colourful packages, PDD challenges conventional wisdom, raising eyebrows and prompting scrutiny in equal measure. As it continues to defy expectations, the enigma surrounding PDD only deepens, leaving investors and analysts alike captivated by the allure of its opaque yet seemingly unstoppable ascent.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Dan McCrum in London

Its finances are a black box and its operations shrouded in secrecy, but PDD's extraordinary growth has made it a darling of Wall Street

___STEADY_PAYWALL___