It’s also likely that they are able to save on tax costs by shipping small, low value parcels – worth roughly$30 on average– directly to consumers. For example, in the UK, the majority of Temu’s parcels would fall below the£135 import duty threshold, and in Australia, the$1000...
Temu is a global eCommerce marketplace that sells a huge variety of products at affordable prices. It is one of the most popular new shopping apps. Since launching in 2022, Temu is now available in over 15 markets worldwide including the US, UK, Canada, Mexico, France, Germany, Australia...
Social media advertising is a powerful feature of Temu. In 2023, the platform is expected to invest more than 1.4 billion USD in social media ads, while in 2024 this number will be almost tripled. In February 2023, Temu aired a promotional video during the Superbowl final, which granted th...
Taking advantage of the limelight, Temu sped up the layout. On March 13, 2023, Temu entered Australia and New Zealand. Two days later, Temu went live in the UK. Within a month, sites in Germany, France, Italy, the Netherlands, and Spain were opened one after another. In March 2023, ...
PDD has a history of amending its employee count on its own official website, which should make investors question the reported employee count on its annual reports, thus questioning its reported expenses related to its employee...