PDD Holdings slips as some US lawmakers express forced labor concerns for Temu: report

News Snapshot:

PDD Holdings (NASDAQ:PDD) shares slipped in mid-day trading on Friday amid a report that some U.S. lawmakers have expressed concerns that the Chinese company's Temu e-commerce shopping site has not done enough to prevent suppliers from using forced labor. Lawmakers, including Rep. Blaine Luetkemeyer, have asked agencies such as the Department of Homeland Security to add Temu to a list of violators of the Uyghur Forced Labor Prevention Act, The Information reported, citing two people with knowledge of the situations. Other lawmakers that have publicly criticized Temu recently include Sen. Roger Marshall, Sen. Mike Braun and Rep. Carol Miller, the...