Temu | Competitive Intelligence Profile
Temu is an e-commerce company founded in 2022 in Boston, Massachusetts. It connects consumers with millions of merchandise partners,...
Temu is an e-commerce company founded in 2022 in Boston, Massachusetts. It connects consumers with millions of merchandise partners, manufacturers, and brands, offering a wide selection of quality products at near wholesale prices. With a mission to empower consumers and merchandise partners, Temu operates in over 70 countries and is known for its low prices and extensive product range, including fashion, electronics, homeware, and more.
Website
Headquarters
Boston, Massachusetts
Size
501-1000 employees
Industry
Technology, Information and Internet
🛍️ Temu Product and Pricing News →
👔 Temu CEO, Management and Leadership Team →
⚔️ Temu Alternatives and Competitors →
💼 Temu Hiring and Layoffs →
🤖 Temu Developer, Integration and Automation News →
📈 Temu Financials, Fundraising and Valuation News →
🛍️ Temu Product and Pricing News
- The European Union plans to hold Temu, along with Shein and Amazon, accountable for selling dangerous or illegal products online.
- Temu, along with Shein and Amazon, will be held liable in the EU for 'unsafe' or 'illegal' goods.
- The German government plans to enforce stricter regulations against Temu and other online marketplaces from third countries.
- The German government has adopted a strategic action plan to tighten regulations on online retailers like Temu and Shein, aiming for stricter enforcement of existing laws.
- Temu was the most downloaded shopping app worldwide in 2024, driven by its direct-from-factory pricing strategy and expansion to 90 markets.
- Temu is under scrutiny by the U.S. FTC as part of a broader probe into Amazon's pricing practices, focusing on whether Amazon penalizes merchants for offering lower prices on competing platforms.
- Temu promotes their new Chicken Shredder Tool for easy meal prep.
- Temu's fully managed model, introduced in early 2023, revolutionized cross-border e-commerce by handling logistics, operations, marketing, pricing, and after-sales services, prompting competitors like Amazon to adopt similar services.
👔 Temu CEO, Management and Leadership Team
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Director of Business Development
[email protected] -
BD & Commercial Director[email protected]
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Commercial Director[email protected]
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BD Director E-commerce Temu[email protected]
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Senior Vice President of Business Development in Temu
⚔️ Temu Alternatives and Competitors
- Wish |
- AliExpress |
- Joom |
- DHgate |
- Shein |
- Alibaba |
- Amazon |
- eBay |
- Etsy |
- Flipkart |
- Walmart |
- Banggood
💼 Temu Hiring and Layoffs
- Wenchi (Vince) Yu, CPA has joined Temu as Director of Business Development in Australia, previously holding a position at another company.
- Jack Peng has joined Temu as Senior Business Development Manager after leaving his role as Head of Marketplaces at Aosom Germany.
- Leonyll Dumalag, Online Marketing at Temu, promoted a scheme to earn money passively through a website.
- Temu is expanding its team with new Content Moderator and Customer Service roles in Jakarta and Solo.
- Temu is currently seeking a Customs Operation Manager in the Netherlands (Remote).
- Temu is hiring a new Treasury Manager in Dublin.
🤖 Temu Developer, Integration and Automation News
- Temu announced a strategic partnership with EMX to enhance e-commerce fulfillment in the UAE by expanding sea shipping and introducing PUDO services.
- Ukraine's state postal service Ukrposhta has partnered with Temu to deliver 1.5 million parcels, with 80% arriving within three days.
- Temu, in partnership with SKUPREME, helps U.S. sellers streamline fulfillment operations with automated order routing and real-time inventory management.
- Temu is using UK-based suppliers to shorten delivery times and increase pressure on high street competitors.
- Chinese immigrants in the U.S. are using their homes as mini fulfillment centers for Temu to speed up delivery and cut costs amid a crackdown on shipments from China.
📈 Temu Financials, Fundraising and Valuation News
- PDD Holdings, the parent company of Temu, missed analysts' revenue estimates due to China's economic slowdown, causing a sharp drop in its US-listed shares.
- Temu's rapid growth in the US, reaching 51.4 million users by January 2024, has contributed to the closure of 15,000 chain stores, driven by its aggressive $2 billion marketing spend in 2023.
- Temu has rapidly climbed to the 6th position in the US market with a GMV of $12.7 billion in just two years, driven by aggressive pricing, heavy marketing, and strong social media presence.
- Temu released its first transparency report in the EU, revealing 16.4 million monthly users in Germany, its largest EU market.
- Over 10 million people have placed orders on Temu, with an average order value of $25 and a conversion rate of 2%.
- Temu generated $24.8 billion in revenue in 2022 and had nearly 52 million downloads in the first half of 2023.
- Temu's U.S. sales rose 18% during the first two weeks of November, outperforming major retailers like Amazon and Target.
- PDD Holdings, the owner of Temu, reported slower sales growth in the latest quarter due to increased competition and consumer caution in China.
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