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Worldview: PDD Takes $55 Billion Share Hit After Warning of ‘Inevitable’ Profit Decline

This week’s round-up of global markets fashion business news also features Shein reveals child labour cases as it steps up supplier audits, Asos debuts in India via Reliance’s Ajio and Walmart sells $3.74 billion JD.com stake.
Temu and Pinduoduo
PDD takes $55 billion share hit after warning of ‘inevitable’ profit decline. (Shutterstock)

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