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As a result, investors hammered the stock of Temu’s parent company, PDD, which trades on the Nasdaq. Its shares fell 6% on Monday, shaving off more than $9 billion in market value as of early ...
Temu operates as an online store, carrying cut-price merchandise from self-employed sellers. More than 100,000 of them are based in China , according to Marketplace Pulse, a research firm.
Brianna Lukey, a resident of Fort Worth, Texas, is among the many individuals who have benefited from using Temu. Lukey said she received $200 worth of items from the app for free and first ...
Temu is an online marketplace operated by the Chinese e-commerce company PDD Holdings, which is owned by Colin Huang. [10] [9] [11] It offers heavily discounted consumer goods [12] mostly shipped to consumers directly from the People's Republic of China.
In addition to imposing a 10% levy on Chinese imports, Mr. Trump's executive order also suspended a little-known customs exemption that allowed goods of de minimis value — items worth less than ...
With more households and consumers looking to stretch their budgets, Temu has come at the right time, helping shoppers to get more value for their money while reducing e-commerce’s impact on the ...