Shares of Temu parent company PDD Holdings (PDD), also known as Pinduoduo, are sliding lower ahead of Monday's market close. The Chinese e-commerce retailer reported disappointing second quarter earnings results, falling short of revenue estimates and revenue guidance expectations. The stock has fallen by nearly 30% in today's session.

Market Domination's Josh Lipton and Alexandra Canal break down the details, discussing how the weakening Chinese economy has impacted retail companies within the country.

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This post was written by Angel Smith and updated by Luke Carberry Mogan.