Temu and Pinduoduo parent company PDD Holdings misses analysts' estimates as economic slowdown in China takes toll on domestic sales
TECHNOLOGY POWERING BUSINESS
News temu
Amazon Haul Offers ‘Crazy Low Prices’ To Counter Temu, Shein
Amazon launches Haul mobile experience with prices capped at $20 in face of low-cost competition from China-based rivals Temu, Shein
Shein Profits Drop 70 Percent
Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it plans IPO
Customers Flock To Shein South Africa Pop-Up Store
Chinese-founded online retailer Shein sees strong demand at first pop-up store in South Africa as it faces criticism from authorities
Amazon Shares Plummet On Slowing Sales
Amazon shares sink after it reports slowing sales amidst consumer bargain-hunting and competition from China's Temu and Shein
EU Proposes Import Duties On China’s Temu, Shein, AliExpress – Report
European Union is reportedly drawing up plans to impose custom duties on a number of Chinese online retailers
Budget Shopping App Temu Launches In Europe
Fast-growing Chinese-owned budget shopping app Temu begins selling in UK, other European countries after US launch last September
US Congress Targets China’s Shein, Temu In Latest Backlash
US Congress advisory group singles out popular China-linked fast-fashion apps Shein and Temu over data concerns