PDD Holdings, the parent company of Chinese e-tailer Temu, has beaten analysts' estimates, posting a 131 percent year-on-year increase in revenue to 86.81 billion yuan (275.6 billion CZK) in the first quarter. This growth is attributed to Temu's strong consumer acceptance in international markets. Launched in September 2022, Temu's online mar...
The European Commission plans to impose duties not only on Chinese electric cars, but also on cheap consumer goods from Chinese e-shops such as Temu and Shein. According to the UK's Financial Times, the Commission wants to abolish the current €150 threshold where goods are exempt from duty. The new proposal, to be unveiled later this month, t...
At the end of last year, the Chinese marketplace Temu experienced a significant increase in activity on the Czech e-commerce scene. Huge investments in advertising meant that Temu essentially dominated the online space, while smaller local players lost pace. The exact size and sales volume of Temu are not officially known as the company does not...
Suspicions of personal data leaks from mobile phones on the Temu market are swirling in the air. The fast-growing Chinese platform, offering cheap goods, has gained attention in the United States and become a social phenomenon. However, like TikTok or Shein, Temu has become a subject of controversy in security and business circles. In the US,...
In the application Temu, a Chinese online marketplace with over a hundred million downloads on Google Play, practically anything can be obtained at unbelievably low prices. To consumers, the platform appears to be just another shopping platform similar to Aliexpress, Wish, or Shein. However, cybersecurity experts warn that the ...
The rapid rise of Chinese fast fashion e-tailers such as Shein and Temu is turning the world's air freight industry on its head. E-shops are competing for limited air freight space to meet consumer demands for the fastest possible delivery of goods from factories in China. Citing more than a dozen industry sources, Reuters reported on Wednesday....
