Alibaba Group Holding Limited (NYSE:BABA) rival PDD Holdings Inc's (NASDAQ:PDD) Temu will be subject to stringent EU online content regulations that currently affect major tech firms like Meta Platforms Inc (NASDAQ:META), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Elon Musk's X, and TikTok.
This development follows as Temu's average monthly users in Europe surpassed the significant threshold of 45 million.
According to the European Union's Digital Services Act (DSA), platforms with over 45 million users are considered massive online platforms (VLOPs) and must undertake more significant efforts to eliminate illegal and harmful content and counterfeit products on their sites, Reuters reports.
Having launched in the EU market in April of the previous year, Temu reported approximately 75 million average monthly active users in the European Union for the six months ending March 31 this year.
The European Commission has acknowledged that Temu's user figures have crossed the DSA threshold and has initiated contact with the platform regarding a potential future designation as a VLOP.
The Chinese-founded fast-fashion giant Shein also reported having 108 million active users on average in the 27-country bloc last month. Shein is engaging with the Commission about its possible designation under the DSA.
In March, PDD reported fourth-quarter fiscal 2023 revenue growth of 123% year-on-year to $12.52 billion, beating the consensus of $11.01 billion. The adjusted earnings per ADS of $2.40 increased from CNY8.34 Y/Y, beating the consensus of $1.60.
PDD stock gained 68% in the last 12 months. Investors can gain exposure to the stock via Global X MSCI China Consumer Discretionary ETF (NYSE:CHIQ) and Invesco China Technology ETF (NYSE:CQQQ).
Price Action: PDD shares traded higher by 1.09% at $116.76 in the premarket on the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
阿里巴巴集團控股有限公司(紐約證券交易所代碼:BABA)的競爭對手PDD Holdings Inc(納斯達克股票代碼:PDD)的Temu將受到嚴格的歐盟在線內容法規的約束,這些監管目前影響主要科技公司,例如Meta Platforms Inc(納斯達克股票代碼:META)、Alphabet Inc(納斯達克股票代碼:GOOG)(納斯達克股票代碼:GOOG)、谷歌、埃隆·馬斯克的X和抖音。
這一發展是在Temu在歐洲的平均月用戶突破4500萬的重要門檻之後發生的。
路透社報道,根據歐盟的數字服務法(DSA),擁有超過4500萬用戶的平台被視爲大型在線平台(VLOP),必須做出更大的努力來消除其網站上的非法和有害內容以及假冒產品。
Temu於去年4月在歐盟市場上線,報告稱,在截至今年3月31日的六個月中,歐盟的平均月活躍用戶約爲7500萬。
歐盟委員會已經承認,Temu的用戶數量已經超過了DSA的門檻,並已開始與該平台就未來可能被指定爲VLOP進行接觸。
中國創立的快時尚巨頭Shein還報告說,上個月在這個27個國家的集團中,平均有1.08億活躍用戶。Shein正在就其根據DSA可能的指定與委員會進行接觸。
3月,PDD報告稱,2023財年第四季度收入同比增長123%,達到125.2億美元,超過了預期的110.1億美元。調整後的每股ADS收益爲2.40美元,較去年同期8.34元人民幣有所增加,超過了市場普遍的1.60美元。
在過去的12個月中,PDD的股票上漲了68%。投資者可以通過Global X MSCI中國非必需消費品ETF(紐約證券交易所代碼:CHIQ)和景順中國科技ETF(紐約證券交易所代碼:CQQ)獲得股票敞口。
價格走勢:週一的最後一張支票中,PDD股價在盤前交易中上漲1.09%,至116.76美元。
免責聲明: 該內容部分是在人工智能工具的幫助下製作的,並由Benzinga編輯審閱和發佈。