PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China. …
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Temu
Amazon Aims at Temu With Low-Priced Storefront
Amazon has launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times …
Vietnam Says Temu, Shein Must Register With Government or Be Blocked
Vietnam said Chinese online retailers Shein and Temu need to register with the government before the end of November or it will block their internet …
Temu Faces Second EU Probe for Misleading Sales Practices
Temu is at risk of being fined for breaching European Union consumer-protection law, adding to the e-commerce platform’s regulatory problems a week after the bloc …
Temu to Face EU Probe Over Handling of Illegal Product Sales
The European Union is set to launch an investigation into Temu over concerns it is failing to curb the sale of illegal products online, in …
Amazon Sets Ultra-Low Pricing Plans for Temu Rival Store, The Information Reports
Amazon is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing …
US Safety Commissioners Call for Investigation Into Shein, Temu
Two leaders of the US Consumer Products Safety Commission are calling for the agency to investigate e-commerce retailers Shein and Temu after “deadly baby and …
A Reality Check for Temu
During its rapid ascent to the top of the global fast-fashion food chain, Temu looked like the perfect hedge for its Chinese owner, PDD Holdings, …
Temu Owner PDD Plunges 18% After Revenue, Outlook Disappoint
PDD Holdings Inc.’s shares dived 18 percent after the Temu owner posted disappointing revenue and warned of declining growth, highlighting the challenges of sustaining its …
Op-Ed | Let Temu Keep the Cheap Stuff. Amazon Should Go Luxe.
Over the past two weeks, Amazon has sought to make inroads in the selling of both bling and bargains. Only one move is wise. It …
EU to Consider Closing Off Duty Exemption That Aids Shein, Temu
The European Union is working on a proposal to impose import duties on cheap goods bought from online platforms outside the bloc, a move that …
Temu, Shein Ordered to Provide Info on EU Tech Rules Compliance By July 12
Chinese fast-fashion e-commerce retailer Temu and China-founded peer Shein were ordered by EU tech regulators to provide details on how they comply with EU online …
Amazon Plans Discount Web Store in Effort to Counter Temu, Shein
Amazon plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount …
Temu Lures More Repeat Customers than EBay, Pressures Amazon
Less than two years after its US debut, Chinese e-commerce upstart Temu is attracting more repeat shoppers than eBay Inc., an e-commerce pioneer that has been …
Germany Backs Ending EU Tax Break That Helps Shein and Temu Keep Prices Low
Germany supports an overhaul of European Union import taxes which could end an exemption for cheap parcels that has helped online retailers Shein and Temu grab …
Temu Targeted in EU Consumer Group’s Complaint to EU Tech Regulator
Chinese fast-fashion e-commerce retailer Temu was hit with a European Union complaint on Thursday, with pan-European consumers group BEUC saying the PDD Group-owned unit might …
Temu Likely to Face Tougher Online Content Rules as EU Users Soar
PDD Group’s fast-fashion e-commerce retailer Temu is likely to be subject to tough EU online content rules that already apply to Meta Platforms, Google, Elon …
Temu and Shein Are the ‘Jaws’ of Digital Advertising
Fashion brands advertising on Facebook, Instagram and Google are swimming in shark-infested waters, and Temu and Shein are the sharks. The Chinese e-commerce players have …
How Shein and Temu Are Upending the Global Air Cargo Industry
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited …
Shopify Fends Off Temu and Shein as Sales Narrowly Beat Estimates
Shopify Inc. reported sales and profit for the fourth quarter that narrowly beat analysts’ estimates, suggesting the Canadian e-commerce giant fended off competition from Asian …