The European Union is investigating Chinese e-commerce platform Temu over concerns that it may have failed to limit the sale of illegal products. The European Commission, the EU’s executive arm ...

Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday, in a move which ...

Temu is at risk of being fined for breaching European Union consumer-protection law, adding to the e-commerce platform’s regulatory problems a week after the bloc opened a separate investigation ...

Temu asked by EU to provide details on measures taken to curb illegal product sales Oct. 11, 2024 9:03 AM ET PDD Holdings Inc. (PDD) Stock By: Ahmed Farhath , SA News Editor Play ( 1min ) ...

PDD Holdings Inc. revenue rose a stronger-than-expected 66% after the company behind hit shopping app Temu spent to boost growth at home and abroad to counter a bumpy post-pandemic recovery.

Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll ...

Temu's sales also decelerated, though at a slower rate, from 15.4% to 14.4%, which Earnest's head of marketing, Michael Maloof, said was in line with its usual weekly fluctuations.

PDD (PDD) shares are plunging as sales of Chinese online retailers Temu — which is owned by PDD Holdings — and Shein dropped sharply after tariff-driven price hikes, according to Bloomberg. US ...

Shein’s US sales fell 16% to 41% for five days from Feb. 5 while PDD Holdings Inc.’s Temu notched a fall of as much as 32% during the period, according to Bloomberg Second Measure, which ...

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.