Temu news and archive

Amazon's foray into ultra-fast fashion will be a seismic shift in e-commerce

The e-commerce giant Amazon is poised to disrupt the ultra-fast fashion market, a sector currently dominated by Chinese powerhouses Shein and Temu. This strategic move marks Amazon's entry into a burgeoning market segment characterised by rock-bottom prices and direct-from-China shipping models. With Shein and Temu reportedly dispatching up to 1...

Business

EU questions Shein, Temu over consumer protection

The EU on Friday demanded wildly popular shopping platforms Shein and Temu explain what action they are taking to protect consumers, including children. The query was made under the EU's breakthrough law known as the Digital Services Act (DSA) that forces platforms to do more to tackle the sale of illegal and harmful goods. The European...

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Why Shein is aiming for an IPO in London and not New York

Chinese ultra-fast fashion giant Shein could soon list on the London Stock Exchange. An initial public offering (IPO) prospectus is expected to be filed in the next few days, potentially valuing the company at 64 billion US dollars. According to a source close to the matter at Business of Fashion, Shein is considering a London listing as early...

Business

Temu and Shein reportedly responsible for 88 flights of cargo planes per day

Chinese e-tailers Temu and Shein are popular. So popular that shipping purchased items takes in 88 flights on Boeing cargo planes per day, according to research by Forbes. This has resulted in the price of shipping via aeroplane rising. Both Temu and Shein operate a business model through which products from unknown Chinese companies are shipped...

Business

Temu-owner PDD Holdings' Q1 revenues accelerate

PDD Holdings, owner of Chinese discounted consumer goods company Temu, reported first quarter revenues of 86,812.1 million Chinese yuan (112,023.3 million dollars), increased 131 percent. Operating profit in the quarter was 25,973.7 million Chinese yuan (3,597.3 million dollars), an increase of 275 percent, while non-GAAP operating profit was...

Business

17 European consumer organisations file complaint against Temu

Chinese e-tailer Temu is under a magnifying glass. 17 European consumer organisations have filed complaints against the fast fashion and lifestyle retailer with their national regulators, according to a report by the Dutch Consumers' Association and the Belgian Testaankoop. The organisations claimed that Temu withholds crucial information and...

Business

Dr. Martens sues Temu for trademark infringement

Footwear specialist Dr. Martens is preparing to take on Temu for alleged trademark infringement, launching a lawsuit in an attempt to halt the Chinese marketplace from using keywords associated with the brand. The legal action was taken to the UK’s High Court, according to a report by the Times, for which a case filing alleged that Temu had been...

Business

S. Korea probes Temu over alleged false ads, unfair practices: Yonhap

South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported Monday. With sometimes astonishingly low prices and a huge variety of items, Temu has enjoyed rapid growth in dozens of countries since it was launched in 2022 by Chinese...

Business

Temu owner Pinduoduo nearly doubles annual profit

Chinese low-price online retailer Pinduoduo, the owner of the Temu app and Alibaba's main competitor, almost doubled its net profit in 2023, the group announced on Wednesday. The Shanghai-based giant, which has made affordable products its speciality since launching in China in 2015, posted a year-on-year net profit jump of 90 percent in 2023 to...

Business

Shein and Temu ship more than one million packages per day in the U.S.

Chinese retail giants Shein and Temu are each shipping an estimated one million packages a day on average, according to data from ShipMatrix, a logistics consultancy firm. Research published in the Wall Street Journal (WSJ) show these volumes surpass those of well-known American retailers, marking a transformative shift in the industry. Their...

Business

Chinese platform Temu to allow European and American sellers

Chinese shopping marketplace Temu will soon allow both European and American sellers on the platform. Americans are welcome as of March 15, according to reports from various media outlets. Compared to Chinese sellers, the process will work slightly differently for sellers from Europe and the US. Where Chinese traders have to send items in bulk...

Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...