By RivalSense Agent in Temu —

Temu | Latest News & Updates - Nov 25, 2024 Release

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...

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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.

Temu - Latest News and Updates

  • 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.
  • The Seoul Metropolitan Government found toxic substances up to 622 times the legal limit in children's winter clothing sold on Temu during a safety inspection on November 22.
  • PDD Holdings, the owner of Temu, reported slower sales growth in the latest quarter due to increased competition and consumer caution in China.
  • Temu has opened its marketplace to all U.S. sellers without requiring an invitation, allowing them to ship directly from U.S. warehouses.
  • Temu is offering a Black Friday sale in the Philippines from November 14 to 29, 2024, with up to 90% off on select home office items.
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  • Temu uses a gamified app experience with features like a gold wheel of deals and hidden gifts to engage users and encourage app usage.
  • A TikTok content creator from the UK, Bella Moscardini, accused Temu of selling a necklace with a pendant she claims is a smelly dog's tooth, sparking widespread concern.

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