Temu is a Chinese online marketplace operated by PDD Holdings selling clothing, beauty, electronics, homewares and more at heavily discounted prices. Retail Week provides news, analysis, features and opinion about Temu and the marketplaces sector.
Amazon has launched a new online service offering low-cost goods in the US which is set to challenge the likes of discount retailers Shein and Temu.
Online retail giants Temu and Shein are set to see their respective growth rates plummet in 2025, according to a report by market research firm Forrester.
Temu’s owner, PDD Holdings, has warned of an “inevitable” reduction in profitability as the group reports slow growth and rising competition.
Amazon’s latest update shows it is at a tipping point, believes Lisa Byfield-Green
Temu’s owner PDD Holdings has posted soaring profits and revenue for the first quarter ending March 31.
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