PDD Holdings Inc

NASDAQ:PDDUnited States

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• DJ Etsy's Crafty Niche Has Its Limits -- Heard on the Street -- WSJ, from 7 hours ago by Dow Jones

  7 hours ago by Dow Jones
  Companies Mentioned: AMZN, PDD, ETSY, EBAY
  
  By Jinjoo Lee
  
  Etsy has been trying to find new ways to draw more sales on its platform, but creativity might have its limits.
  
  The company, which also owns second-hand clothing marketplace Depop and musical instrument marketplace Reverb, said the volume of sales through its marketplaces declined 4.1% last quarter on the year, more than analysts had anticipated. The decline on the Etsy platform itself was worse, at 6%. For the year, Etsy expects total gross merchandise sales to decline by a low-single digit percentage, which would mark a third year of declines.
  

• DJ Temu Faces EU Probe Over Failure to Stop Illegal Sales, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: PDD
  
  By Dominic Chopping
  
  The European Union is investigating Chinese e-commerce platform Temu over concerns that it may have failed to limit the sale of illegal products.