Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
Publishing timestamp: 2025-04-16 18:36:36
Summary
Chinese online retailer Temu has reduced its online ad spending in the U.S. following President Trump's tariffs, leading to a drop in its ranking in Apple's App Store. The company, along with rival Shein, plans to raise prices in response to the tariffs. This has impacted their business models and advertising strategies, with other Chinese retailers rising in the app store ranks.
Sentiment: NEGATIVE
Tickers: GOOGL, AMZN, AAPL, PDD, META, BABA,
Keywords: pdd holdings inc, business news, amazon.com inc, technology, apple inc, ivanka trump, alphabet inc, internet, alibaba group holding ltd, breaking news: technology, meta platforms inc,