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The European Union last month launched a probe into Temu, including whether the company violated its Digital Services Act with practices “linked to the sale of illegal products, the potentially ...
Temu has a 2.5-star Better Business Bureau rating, and most of the customer reviews claim some issue, like its "horrible" customer service, delivery errors, pricing tricks and low-quality items.
The company disputed this characterization, saying most merchants on the platform experience success and benefit from increased sales and positive customer feedback.
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 .
After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
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 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 ...
Temu, a platform owned by Chinese e-commerce company PDD Holdings, alleged in a previous lawsuit that Shein compelled clothing manufacturers to submit to unfair supply chain arrangements in order ...