A income warning from Chinese language e-commerce big PDD, which owns Temu, has prompted a plunge in its shares and dented the wealth of founder Colin Huang. The corporate’s earnings additionally reinforce issues about worsening prospects for Chinese language client corporations. Lombard Odier CIO John Woods tells “Bloomberg: The China Present” that it is turning into more durable to seek out worth in Chinese language shares as company revenues stay beneath strain.
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