Republican Senator Asks DOJ and Homeland Security to Investigate PDD Holdings Inc.’s (PDD) TEMU

​PDD Holdings Inc. (NASDAQ:PDD) is 1 of the Cheap NASDAQ Stocks to Buy Now. On December 1, Reuters reported that Tom Cotton, who is simply a Republican Senator successful the United States, sent a missive to Attorney General Pam Bondi asking for the US Department of Justice and Homeland Security to analyse PDD Holdings Inc.’s (NASDAQ:PDD) online retail level Temu and privately held Shein for large-scale intelligence spot theft and counterfeiting.

​PDD Holdings Inc. (NASDAQ:PDD) had faced akin accusations regarding Temu from the European Commission. The European Commission successful July noted that Temu was breaking EU rules by not preventing counterfeit goods connected its platform. As a result, absorption had assured the European Commission of its afloat practice to guarantee compliance with EU rules.

​The holding institution of Temu, PDD Holdings Inc. (NASDAQ:PDD), is facing challenges owed to accrued contention and evolving planetary regulations. The institution posted its fiscal Q3 2025 results connected November 18. It grew its quarterly gross by 10.97% year-over-year to $15.23 billion, but fell abbreviated of expectations by $64.64 million. However, the EPS of $2.97 topped estimates by $0.63.

​Management noted that the gross maturation during the 4th remained nether pressure, chiefly owed to intensified contention successful the e-commerce sector. The institution has launched respective initiatives to amended its platform, including a RMB 10 cardinal interest simplification programme and the RMB 100 cardinal enactment program. Management highlighted that these initiatives proceed to measurement down the gross maturation and that the quarterly show should not beryllium considered guidance for aboriginal performance.

​After the release, Benchmark maintained a Buy standing connected PDD Holdings Inc. (NASDAQ:PDD) with a $160 terms target. The steadfast noted that the quarterly show reflected expected fluctuations owed to the company’s strategical initiatives. Benchmark believes that these initiatives volition amended the level and besides assistance the institution physique a semipermanent ecosystem.

​PDD Holdings Inc. (NASDAQ:PDD) is simply a multinational commerce institution that connects businesses and consumers done integer platforms.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.