PDD Holdings Exec Says Due To Changes In EU Customs Duties, Will Have Considerable Impact On Our Cross Border Business In The Short Term; Over Medium To Long Term We Will Broaden Supply Of Local Products And Expand The Coverage Of Local Fulfilment; In The Short Term, Cross-Border Orders In The Affected Markets Will Face Lower Fulfillment Efficiency And Higher Costs
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New EU fees on products coming from outside Europe will make it harder and more expensive for PDD to deliver items to European customers right now. The company plans to fix this by storing more products in Europe later, which shows they're thinking ahead even though things will be tougher soon.
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