What ETF is holding Temu?
Long time supporter. Love you insights and picks. Can u tell me what etf has Temu as a holding or the best way to invest in this company from Australia?
The Latest Q&A
Answer
Hi Andrew,
Thanks for the thumbs up, much appreciated.
Unfortunately, you cannot directly buy shares in online marketplace Temu as its not publicly traded, Temu is owned and operated by PDD Holdings, which also owns Pinduoduo, a popular online commerce platform in China. For those subscribers not familiar with the business Temu allows China-based vendors to sell and ship directly to customers without having to rely on intermediate distributors in the destination country, thus increasing affordability for any buyers.
However, the good news is you can buy PDD in the US, under code PDD US. Their earnings numbers from what we can see, don’t split out the Temu business, they are aggregated at a group level for reporting. For a list of ETFs holding PDD, its available here: PDD | etf.com.
