Temu news and archive

European Commission issues official warning to Temu

The European Commission and the Consumer Protection Cooperation are issuing an official warning to the Chinese online marketplace Temu. The watchdogs have warned Temu that the company must comply with European market rules following an investigation by the commission itself, the organisation wrote in a press release. The European Commission has...

Business

European Commission launches investigation into Temu

The European Commission is launching an investigation into Chinese e-commerce platform Temu, a subsidiary of PDD Holdings. This was reported by Bloomberg based on anonymous sources. Temu is growing rapidly in Europe thanks to its low-price strategy. The platform is the international version of Chinese e-commerce giant Pinduoduo, founded in 2015,...

BusinessFeatured

Uncle Sam is coming for Temu – and whistleblowers may be, too

Are you a business owner? Do you shop online for products for your business? Then like hundreds of millions of others, you’ve been blasted with ads from Temu, an e-commerce giant with roots in China, hawking products at prices you can’t believe. Need to source some beauty and health products for resale? Looking for plain T-shirts to screenprint...

Business

Fast fashion setback: Indonesia wants to block popular Temu shopping app

The Indonesian government appears to have taken steps to potentially restrict online marketplace Temu's presence in its region, asking Google and Apple to ban the app. While Temu is a relatively new e-commerce platform that has rapidly expanded its operations globally since its launch in 2022, initial scrutiny and criticism in various markets,...

Business

Six EU countries call for stricter supervision of Shein and Temu

Six European Union countries, including the Netherlands and Germany, are calling on Brussels to tighten the screws on online shopping sites Temu and Shein, which are suspected of selling products that are sometimes dangerous to consumers. “Every day, hundreds of thousands of parcels arrive at our homes, mainly from China, with goods that do not...

Business

Despite strong Q2, Temu parent PDD Holdings warns of slowing growth

PDD Holdings, owner of online marketplace Temu, reported second quarter revenues of 97,059.5 million Chinese yuan, an increase of 86 percent. Net income increased 144 percent to 32,009.4 million Chinese yuan and non-GAAP net income rose 125 percent to 34,432.1 million Chinese yuan. “While encouraged by the solid progress we made in the past few...

Business

Temu opens marketplace to European traders

Temu's sales platform is now open to users in Europe, according to a report by the trade journal for web retailers Twinkle after an employee of the company announced the news in a post on LinkedIn. Temu will now offer EU merchants the option to outsource certain tasks, such as advertising and promotion, in addition to “extensive support,...

Business

Seoul authorities find toxic substances in Shein and Temu products

Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday. Chinese giants including Shein, Temu and AliExpress have skyrocketed in popularity around the world in recent years, offering a vast selection of...

RetailFeatured

Amazon's foray into ultra-fast fashion will be a seismic shift in e-commerce

The e-commerce giant Amazon is poised to disrupt the ultra-fast fashion market, a sector currently dominated by Chinese powerhouses Shein and Temu. This strategic move marks Amazon's entry into a burgeoning market segment characterised by rock-bottom prices and direct-from-China shipping models. With Shein and Temu reportedly dispatching up to 1...

Business

EU questions Shein, Temu over consumer protection

The EU on Friday demanded wildly popular shopping platforms Shein and Temu explain what action they are taking to protect consumers, including children. The query was made under the EU's breakthrough law known as the Digital Services Act (DSA) that forces platforms to do more to tackle the sale of illegal and harmful goods. The European...

BusinessFeatured

Why Shein is aiming for an IPO in London and not New York

Chinese ultra-fast fashion giant Shein could soon list on the London Stock Exchange. An initial public offering (IPO) prospectus is expected to be filed in the next few days, potentially valuing the company at 64 billion US dollars. According to a source close to the matter at Business of Fashion, Shein is considering a London listing as early...

Business

Temu and Shein reportedly responsible for 88 flights of cargo planes per day

Chinese e-tailers Temu and Shein are popular. So popular that shipping purchased items takes in 88 flights on Boeing cargo planes per day, according to research by Forbes. This has resulted in the price of shipping via aeroplane rising. Both Temu and Shein operate a business model through which products from unknown Chinese companies are shipped...