Tag: Temu
Temu shares slump with China slowdown, Oppo Find X8 series launches globally
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement. It comes after PDD's main rivals in its home market, Alibaba and…
Temu app hits 735 million downloads, monthly downloads 3x higher than Amazon’s
Since its launch in September 2022, the Chinese shopping app Temu has been gaining share in the global e-commerce market, successfully competing with industry giants like Amazon, eBay, and Shein. Thanks to its aggressive pricing and discounts, wide product selection, and successful marketing efforts, the app, owned by the parent company of Chinese e-commerce giant…
