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Business
Temu owner’s shares plummet 30% as fast-fashion competition intensifies
Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will…
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Business
Shein sues Temu for copyright infringement in latest legal spat
Shein is suing fast-fashion rival Temu over claims the e-tailer stole confidential information to copy its designs – the same…
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Business
Chinese suppliers protest hefty Temu fines, potential supply chain overhaul
Dozens of Chinese merchants protested an increasingly harsh fine policy from Temu by swarming its parent company’s offices in Guangzhou…
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Business
Chinese shopping app Temu spent $2B on Facebook, Instagram ads
Temu, the Chinese fast fashion brand that has taken e-commerce retail in the United States by storm in recent months,…
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