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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 is an online e-commerce platform that offers a wide range of products at close to wholesale prices. The company is based in Boston, Massachusetts, and is owned by PDD Holdings Inc., a ...
The Temu platform first went live in the United States in September 2022, and ran ads during the February 2023 Super Bowl. [19] In March 2023, Temu launched in Australia and New Zealand. [1] In the following month, Temu launched in France, Germany, Italy, the Netherlands, Spain, and the UK. [3] Temu eventually expanded into the Latin American ...
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.
Temu currently serves customers in 10 markets, namely the US, Canada, Australia, New Zealand, the UK, France, Germany, Italy, Spain and the Netherlands. Where does Temu get its products?
On Temu, many merchants sell nearly identical products, and I found it more difficult to discern between them than on Amazon. That creates a problem, because a shopper may end up with a different ...