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In the meantime, there’s another part of the Temu phenomenon that recently caught my attention: the claim that it was “founded” in Boston and that its corporate headquarters is located there ...
Temu (/ ˈ t iː m uː / ⓘ TEE-moo) is an online marketplace operated by the Chinese e-commerce company PDD Holdings, which is owned by Colin Huang. [10] [9] [11] It offers heavily discounted consumer goods [12] mostly shipped to consumers directly from China.
Pinduoduo was founded in 2015 by Chinese businessman and software engineer Colin Huang and initially focused on the agriculture industry. [5] [6] It developed at a time when Alibaba and JD had significantly consolidated the Chinese e-commerce market and many analysts believed there was limited room for new market entrants.
Temu currently serves customers in 10 markets, namely the US, Canada, Australia, New Zealand, the UK, France, Germany, Italy, Spain and the Netherlands. Where does Temu get its products?
Temu operates as an online store, carrying cut-price merchandise from self-employed sellers. More than 100,000 of them are based in China , according to Marketplace Pulse, a research firm.
That loophole has been a boon for Shein, a retailer known for fast fashion that was founded in China in 2012 but is now based in Singapore, and Temu, which was founded in Boston in 2022 but is ...
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Shein, originally named ZZKKO, was founded in China in 2008 by entrepreneur and search engine optimization (SEO) marketing specialist Chris Xu (Xu Yangtian). [11] [5] [12] Information on Xu's educational and career background remains elusive as of 2022, with sources conflicting on details of his biography.