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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.
Temu takes data protection and customer privacy seriously. The company’s payment system is PCI-certified and the company employs industry-standard security measures to protect sensitive customer ...
Pinduoduo (Chinese: 拼多多; pinyin: Pīnduōduō) is a Chinese online retailer with a focus on the traditional agriculture industry. The business is the largest product of PDD Holdings, which also owns the online marketplace Temu. [3] [4]
Colin Huang resigned from Google in 2007 to set up several companies, including e-commerce giant Pinduoduo. Now, he's worth more than $35 billion.
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.
PDD Holdings, the company that owns Temu, has benefited from a much faster growth rate, by comparison. During the first six months of the year, the company's revenue doubled to $25.3 billion.
The Better Business Bureau, however, gives Temu just a "C Plus" rating due to more than 900 complaints in just a year about late deliveries, damaged items and other issues.
A new online shopping platform, Temu, has risen in popularity and had more downloads than Amazon at the end of 2022.. Launching last year, the online marketplace connects shoppers with “millions ...