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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Temu

🌎 temu.com

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.

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Temu - Latest News and Updates

• U.S. authorities proposed rules to restrict a trade rule used by Temu to import products from China without paying tariffs.
• Temu offers a Chrome extension that allows users to export product data from Temu.com and import it into WooCommerce stores.
• Temu has captured one-third of the South African online shopping market within a year by offering 50% savings and a diverse product range through its factory-direct model.
• Temu has rapidly become a major player in South Africa's e-commerce market, with 1 in 3 South Africans using the platform and 77% of users recommending it for its affordability and direct-from-factory model.
• Temu plans to expand its product range by including items from Swiss and other European vendors to meet local consumer demand for faster delivery and more variety.

• Temu promotes a new fast defrost tray to save time in the kitchen.
• Temu, a Chinese e-commerce platform, is facing challenges due to stricter U.S. import regulations on small packages, impacting its significant share of de minimis shipments.
• Temu is offering a 94% discount on a 3-piece duvet cover set as part of their home and bedroom decor deals.
• Temu has achieved international growth, particularly in Germany, France, and the Netherlands, with a user base consisting of 60% existing and 40% new users, indicating strong customer loyalty.
• A year after launching in South Africa, Temu has become a favorite among online shoppers, with 1 in 3 South Africans using the platform and 40% becoming active monthly users.

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