Temu owner PDD shares plunge after profit warning Tech Shares in Pinduoduo (PDD Holdings), the Chinese owner of discount retailer Temu, have plunged by nearly 29 per cent in New York in a move that has wiped $55bn (£41.6bn) off the company’s market value. The steep decline followed a warning from management about an impending nosedive in profits, causing investors to reassess the company’s [...]
Temu targets trademarked brands such as Dyson and Zara on Google and Bing Tech The majority of these targeted brands are retailers, including Zara, Rayban, Dyson, Curry's, and Marks & Spencer.
Shein cash giveaways similar to Temu’s raise data privacy issues Tech Fast-fashion giant Shein has launched a number of promotions on its app, such as "magic draw", "draw easily", "free gift", and "spin to win".
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.