Temu news and archive

U.S. tariff crackdown hits Chinese fast fashion giants

Chinese fast fashion giants Shein and Temu are facing declining sales in the U.S. following Donald Trump’s renewed tariff measures targeting Chinese imports. Sales have dropped 16 percent and 41 percent respectively since Trump’s inauguration, driven by the elimination of the “de minimis” trade rule, which previously exempted goods under 800...

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EU's e-commerce crackdown: A new era for fashion industry protection

According to a recent Financial Times report, the European Union is set to dramatically reshape the e-commerce landscape with new regulations targeting major platforms like Shein, Temu, and Amazon Marketplace. The proposed reforms would make these platforms directly liable for dangerous or counterfeit products sold through their sites - a...

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The Rise of Temu: Disruption, convenience, and the hidden costs of hyper-consumerism

In an era of digital marketplace transformation, Temu has emerged as a lightning rod for both economic innovation and critical scrutiny of contemporary consumption patterns. The platform's meteoric rise — achieving a 53 percent year-on-year growth in monthly active users in the United Kingdom — represents more than a digital success story; it...

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Temu parent PDD Holdings Q3 revenues increase by 44 percent

PDD Holdings in its unaudited financial results statement for the third quarter reported revenues of 99,354.4 million Chinese yuan (14,157.9 million dollars), an increase of 44 percent. “Over the past quarter, our focus remained on driving the high-quality development of the platforms,” said Lei Chen, chairman and co-chief executive officer of...

Podcast

Podcast: How Indonesia's demand to remove the Temu app impacts global trade

Indonesia recently requested Google and Apple to remove the Temu app, owned by PDD Holdings, from its national app stores to protect local businesses from the sale of extremely cheap products. This direct action, without accusations of illegal activity, is rare and raises questions about how the tech giants will respond. The action could inspire...

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Vietnam threatens technical block on Chinese e-commerce giants Shein and Temu

The Vietnamese government is threatening to block the internet domains and apps of Chinese online retailers Shein and Temu if they fail to register their operations with the Ministry of Commerce by the end of November 2024. The move comes amid concerns over the growing influence of the wildly popular e-commerce giants on the economies of local...

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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...

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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,...

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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...

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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,...

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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...

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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...