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But one educated guess, according to one source familiar with the company, is that the Boston HQ was about creating a perception of a strong U.S. presence since Temu’s current largest customer ...
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.
Temu came on the U.S. market in 2022 and has gained traction by offering cheap apparel and other goods, such as $9 sweaters and $5 mugs. Temu is planning to open up its marketplace to U.S. and ...
The company reported about $4.4 billion in profits in the quarter, a 144% increase compared to last year — but the CEO said such profits won't last.
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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.
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