The Business Times

Temu

Consumer & Healthcare

Temu-owner PDD Holdings beats profit expectations, outlook uncertain

The European Commission urged EU finance ministers meeting on Thursday to agree the faster implementation to protect domestic retailers from unfair competition, the report said.
International

EU aims to accelerate crackdown on cheap Chinese parcels: FT

Besides the deep discounts, Temu has stopped charging buyers import fees that caused prices to increase steeply,.
Telcos, Media & Tech

Temu plots aggressive US comeback with 60% price cuts

EU regulators believe Temu is not doing enough to protect European consumers from dangerous products and that it may not be acting sufficiently to mitigate risks to users.
Telcos, Media & Tech

EU accuses online giant Temu over sale of ‘illegal’ products

The Seoul city government said on Friday it recently inspected 35 children’s products sold on Temu and AliExpress and found that 11 failed to meet South Korea’s safety standards or contained hazardous substances above local limits.
International

Seoul asks Temu, AliExpress to pull children’s products over safety concerns

Most online orders from Target and other US retailers get sent to warehouses before going to consumers via truck delivery.
Companies & Markets

Target explores factory-direct shipping model used by Temu

Temu, Shein and Tiktok have offered to pay part or all of the shipping costs to European markets, as well as directly subsidising some purchases.
Global Enterprise

China’s Temu and Shein want to crack Europe, but the US is too big to quit

A tit-for-tat tariff escalation between the US and China, followed by a temporary 90-day de-escalation, has generated widespread uncertainty for global business Temu.
Telcos, Media & Tech

Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad

Sales have taken a beating for both Shein and Temu in the US following the e-commerce platforms’ price adjustments.
Companies & Markets

Japan mulls taxing small parcels as Shein, Temu expand

The order published late on Monday offers some relief to big Chinese e-commerce players Shein and Temu and follows a weekend deal between Beijing and Washington to unwind for 90 days most of the tit-for-tat tariffs imposed on each other’s goods since early April.
International

US slashes ‘de minimis’ tariff on small China parcels to as low as 30%

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