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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

• 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'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 become Brazil's second-largest marketplace, surpassing Mercado Livre with 39 million monthly active users and leading in downloads with 3.9 million new users in its sixth month of operation.
• Temu plans to fulfill 80% of its European orders through local warehouses, significantly reducing delivery times.

• Temu achieved a 53% year-on-year growth in monthly active users in the UK, reaching 9.9 million in 2024, and was recognized by Apple as the most downloaded iPhone app in 25 markets.
• 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 issued an urgent warning to Irish parents about choking risks in 276 children's products and has contacted affected consumers for recalls and reimbursements.

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