Online discount platform Temu experienced a significant decline in profits during the first quarter of 2025, with its net income plummeting by 47% to $2.46 billion due to […]
PDD Holdings Reports 47% Q1 Net Profit Drop Amidst Fierce Competition
Temu’s parent company, PDD Holdings, has released its Q1 2025 earnings report, revealing a significant decrease in net profit to $2.05 billion, representing a 47% drop compared to […]
Temu Partners with IACC to Combat Online Counterfeiting
Temu, a rapidly expanding online marketplace, has joined forces with the International Anti-Counterfeiting Coalition (IACC) to bolster intellectual property protection and prevent counterfeit goods from entering its platform. […]
Shein & Temu Respond to Tariffs With Price Hikes on US Shoppers
Chinese e-commerce giants Shein and Temu are adjusting prices for U.S. consumers due to new tariffs, making goods more expensive as the burden of these duties falls directly […]