Company Directory - PDD Holdings
Company Details - PDD Holdings
PDD Holdings
WebsitePDD Holdings is the parent company of Temu, specializing in online commerce and providing a platform that connects consumers with a wide variety of products, primarily from Chinese suppliers. The company gained attention for its innovative approaches to e-commerce and the impact of tariffs on its import operations.
CCI Score
CCI Score: PDD Holdings
-53.87
18.47%
Latest Event
PDD Holdings Reports Q1 Performance Under Trump Tariffs
PDD Holdings, the parent company of Temu, reported first-quarter earnings below estimates and pointed to the impact of President Donald Trump’s tariffs and the closure of the de minimis loophole. These policies have pressured sellers and led to strategic shifts such as building a network of U.S. warehouses to mitigate tariff burdens.
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QUISLING
PDD Holdings is currently rated as a Quisling.
Latest Events
- JUN052025
PDD Holdings, the parent company of Temu, reported first-quarter earnings below estimates and pointed to the impact of President Donald Trump’s tariffs and the closure of the de minimis loophole. These policies have pressured sellers and led to strategic shifts such as building a network of U.S. warehouses to mitigate tariff burdens.
- AUG172024
A group of 21 Republican state attorneys general, led by Montana Attorney General Austin Knudsen, launched an investigation into Temu, a subsidiary of PDD Holdings, focusing on alleged forced labor ties and unethical supply chain practices, including a lack of audits verifying compliance with the Uyghur Forced Labor Prevention Act and potential links to the Chinese Communist Party.
-80
Labor Relations and Human Rights Practices
June 5
The investigation highlights serious concerns regarding forced labor practices within Temu’s supply chain, underscoring significant violations of labor and human rights, aligning with authoritarian exploitation. This is a clear violation of worker rights that contradicts progressive, anti-fascist values.
State Attorneys General Target Temu Over Alleged Forced Labor And Data Security Issues
-75
Supply Chain Ethics
June 5
The inquiry criticizes Temu’s reliance on self-reported supplier audits and its failure to enforce the Uyghur Forced Labor Prevention Act, suggesting unethical supply chain practices that may inadvertently support forced labor and authoritarian policies.
State Attorneys General Target Temu Over Alleged Forced Labor And Data Security Issues
- AUG152024
State Attorneys General have demanded detailed responses from Temu and its parent company PDD Holdings regarding business practices, alleged CCP connections in its executive team, questionable supply chain ethics related to forced labor, and potential violations of consumer data security laws.
-80
Public and Political Behavior
June 5
The inquiry by state attorneys general over the presence of former CCP members on the executive leadership and potential coercion to share U.S. consumer data underscores troubling political-leaning ties that risk authoritarian influence. This lack of clear separation from party-aligned interests is indicative of problematic public and political behavior.
-75
Business Practices and Ethical Responsibility
June 5
The letter raises severe concerns about Temu/PDD Holdings' business practices, including failure to appropriately audit supply chains for forced labor and to ensure compliance with relevant consumer protection and labor laws. These practices align the company’s operations with unethical and potentially exploitive models.
-70
Technology and Services Impact
June 5
The concerns about extensive consumer data collection and the potential for that data to be provided to CCP-affiliated entities highlight significant risks in technology and services impact. Such practices could facilitate mass surveillance or data harvesting by an authoritarian regime, undermining consumer privacy and rights.
- AUG132024
A securities class action lawsuit filed on August 13, 2024, alleges that PDD Holdings engaged in unethical practices by allowing forced labor-produced goods on its platform and installing malware that compromised users' privacy and security.
-80
Supply Chain Ethics
June 5
The lawsuit alleges that PDD Holdings failed to take adequate measures to prevent goods produced with forced labor from entering the U.S. market, reflecting a severe breach in ethical supply chain practices and neglect of labor and human rights responsibilities.
Online Retailer Hit with Privacy, Security, and Forced Labor-Related Securities Suit
-70
Provision of Repressive Technologies
June 5
The complaint details accusations that PDD Holdings’ applications exploited software vulnerabilities to install backdoors and malware, effectively bypassing user security measures and compromising data privacy, actions aligned with deploying repressive technological tactics.
Online Retailer Hit with Privacy, Security, and Forced Labor-Related Securities Suit
- FEB262024
US lawmakers have urged a ban on all imports of goods sold on Temu, the Chinese e-commerce platform owned by PDD Holdings, alleging that the company has not taken adequate measures to address forced labor practices in its supply chain, particularly involving Uyghur labor in Xinjiang.
-90
Supply Chain Ethics
June 5
The article highlights concerns from US lawmakers regarding Temu's inadequate efforts to crack down on forced labor practices in its supply chain. Such supply chain ethics violations, especially those related to Uyghur labor in Xinjiang, reflect a significant failure in upholding human rights and ethical sourcing practices, thereby indirectly supporting authoritarian practices.
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