Temu is being investigated in Europe over suspicions it has been failing to prevent the sale of illegal products. ADVERTISEMENT Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. Temu is being investigated in Europe over suspicions it has been failing to …
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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 JD.com, also posted underwhelming results …
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Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect “crazy low prices” on Haul …
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