The rise of Temu was nothing short of meteoric. Bursting onto the scene with an aggressive marketing blitz and seemingly ...

Temu finds itself struggling as increased competition and rising costs have shoppers abandoning the online shop in droves.

In last week's note, HSBC said that Temu's growth in non-U.S. markets has picked up, with non-U.S. users rising to 90% of its 405 million global monthly active users in the second quarter.

Los Angeles music distributor finds an unexpected lifeline for his CD business through K-pop collectors on Temu, selling ...

Compared to a year ago, Temu’s weekly sales dropped more than 25% in the period from May 11 through June 8, according to Bloomberg Second Measure, which analyzes credit and debit card data.

PDD Holdings reported a 38% profit decline in the latest quarter compared to the year before. The company, which owns Temu, has been facing "radical change," its CEO said.

In last week's note, HSBC said that Temu's growth in non-U.S. markets has picked up, with non-U.S. users rising to 90% of its 405 million global monthly active users in the second quarter.

Temu's promotion of U.S.-based products also puts it in more direct competition with Amazon, eBay and Walmart, which have also signed up sellers in China who ship goods overseas to their warehouses.

Temu denied the claim at the time. Fox News Digital reached out to Temu for comment. Original article source: Temu sued by Kentucky for allegedly giving China ‘unfettered’ access to user data ...

Temu steers users to ‘local' products after Trump shuts tax loophole By Annie Palmer, CNBC • Published February 5, 2025 • Updated on February 5, 2025 at 7:31 pm ...