Temu, which sells $4 home decor items and $10 T-shirts in the United States and major European, Middle Eastern and Asian markets, has been attracting customers from rivals such as Dollar Tree and other brick-and-mortar retailers. Brokerage Bernstein said in January that political discourse in the U.S. could be the biggest risk to Temu's continued success there as tensions with China rise. On an earnings call with analysts, PDD chairman and co-CEO Chen Lei acknowledged that the global business remains in its early stages. "There are many uncertainties and challenges ahead," he said. "Investors will want to see how (PDD) navigates scrutiny and how it romances other markets on the off chance the U.S. pulls the plug in the same way politicians are seeking to do with TikTok," said Danni Hewson, head of financial analysis at AJ Bell, who added that supply chain scrutiny is also likely to be a future challenge.