Temu | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
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
- Temu is facing regulatory challenges in Southeast Asia due to customer complaints, fake items, and potential violations of local laws, with countries like Indonesia and Vietnam expressing concerns over its impact on local businesses and market conditions.
- Temu is expanding its presence in Europe by opening its marketplace to third-party sellers, positioning itself as a competitor to Amazon and eBay.
- Temu has implemented a mandatory checkout price range of $35-40 for orders on its platform.
- Vietnam demands Temu register by November or face a nationwide block due to concerns over deep discounts and counterfeit goods.
- Vietnam has warned Temu to register with the government by the end of November or face blocking of its internet domains and apps in the country.
- Baofali 4-in-1 Microfiber Crib Safety Bumpers, sold exclusively on Temu.com, have been recalled due to a violation of the federal crib bumper ban and pose a suffocation hazard.
- On November 8, 2024, the European Commission and national consumer authorities notified Temu of practices on its platform that infringe EU consumer law and requested compliance.
- The Irish competition regulator is investigating Temu for potential consumer law breaches, including misleading practices and fake discounts.
👔 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.
- 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 is hiring a new Talent Acquisition Manager in Shanghai.
🤖 Temu Developer, Integration and Automation News
- Temu, in partnership with SKUPREME, helps U.S. sellers streamline fulfillment operations with automated order routing and real-time inventory management.
- 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
- Temu achieved $20 billion in sales revenue in the first half of 2024, showing significant growth from $15.33 billion in total sales for 2023.
- Temu's user base reached 91% of Amazon's in August, driven by a low-price strategy and efficient logistics, and it topped iOS shopping app downloads in the US in Q3.
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