temu

FCA Chief Appears to Pave Way for Shein UK IPO
FCA Chief Appears to Pave Way for Shein UK IPO
December 03, 2024  |  IPO

Great Britain’s financial regulator has reportedly opened the door for Shein to go public there. While not mentioning the eCommerce retailer by name, Nikhil Rathi, chief executive of...

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Temu and Shein Target Toy Sales While Growing in US and Europe
Temu and Shein Target Toy Sales While Growing in US and Europe
November 29, 2024  |  Retail

Temu and Shein reportedly are likely to account for a greater share of toy sales in America and Europe during this holiday shopping season. The two rival...

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Temu and Shein’s Black Friday Marketing Heft Pressures Other Retailers
Temu and Shein’s Black Friday Marketing Heft Pressures Other Retailers
November 27, 2024  |  Retail

The marketing might of two online retailers might mean a bleak Black Friday for rivals. As Reuters reported Wednesday (Nov. 27), digital marketing spending by eCommerce firms Shein and Temu...

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Temu Opens Online Marketplace to All US Sellers
Temu Opens Online Marketplace to All US Sellers
November 21, 2024  |  eCommerce

Temu now allows any U.S. seller to join its online marketplace. “Whether small businesses or individual entrepreneurs, [U.S. sellers] can now connect directly with millions of...

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Amazon and Temu Copy Each Other in Battle for Sellers
Amazon and Temu Copy Each Other in Battle for Sellers
October 06, 2024  |  eCommerce

Temu’s attempt to attract Amazon’s merchants has transformed the way both companies do business. That’s according to a report Sunday (Oct. 6) by The Wall...

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White House Proposes New Trade Rules to Counter Chinese eCommerce Companies
White House Proposes New Trade Rules to Counter Chinese eCommerce Companies
September 13, 2024  |  eCommerce

The Biden administration said Friday (Sept. 13) that it plans to change trade rules that it said have been abused by China-founded eCommerce platforms. The...

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Temu Parent Accumulates $38 Billion Cash Stockpile
Temu Parent Accumulates $38 Billion Cash Stockpile
September 01, 2024  |  eCommerce

PDD Holdings, owner of eCommerce firm Temu, is reportedly sitting on $38 billion in cash. That’s the largest cash position of any listed company that...

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Temu: High Revenue Growth Not Sustainable Amid eCommerce Competition
Temu: High Revenue Growth Not Sustainable Amid eCommerce Competition
August 26, 2024  |  eCommerce

The parent of Chinese eCommerce firm Temu is warning that revenue growth will eventually cool. PDD Holdings released quarterly earnings Monday (Aug. 26) showing an...

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Shein Alleges Copyright Infringement in Lawsuit Against Temu
Shein Alleges Copyright Infringement in Lawsuit Against Temu
August 20, 2024  |  Legal

Fast-fashion giant Shein reportedly sued rival company Temu, alleging copyright infringement. In a civil complaint filed in Washington, D.C., Shein alleged that Temu encourages sellers...

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