"Temu, the popular e-commerce app owned by China's PDD Holdings, topped Apple's list of the most downloaded free apps on its U.S. iOS store for the second year running, highlighting the massive success that Chinese apps are enjoying in the world's largest consumer market."
"Temu is a 'super discount' e-commerce site. A huge percentage of the items on the site are available for under $30. Some are as low as $2. Its massive number of items makes it a real competitor to Amazon."
"Temu represents a problem for Amazon. The government may make that go away. Lawmakers are worried about its sales to millions of Americans, and for the same reasons they were concerned about TikTok."
Collection
[
|
...
]