All articles tagged with #temu
Originally Published 2 months ago — by BBC
France is investigating online retailers Shein, Temu, AliExpress, and Wish for allowing minors access to pornographic content and selling childlike sex dolls, with Shein banning all such dolls and tightening controls amid protests and scrutiny as it prepares to open a physical store in France.
Originally Published 2 months ago — by supercarblondie.com
A YouTuber tested a $23 Temu replacement screen for an iPhone XR, finding that while it powered on and responded to touch, the display quality was poor and not worth the low cost, highlighting the risks of cheap electronics repairs. Other Temu electronics experiments have had mixed results, emphasizing the unpredictability of bargain-basement tech.
Originally Published 2 months ago — by Gizmodo
A 13-year-old boy in New Zealand required surgery after ingesting 80-100 small magnets bought from Temu, which caused serious intestinal damage. The case highlights the dangers of high-powered magnets for children and raises concerns about online marketplaces selling hazardous toys, despite regulations and safety standards. Temu stated it is reviewing the matter and cannot verify if the magnets were purchased from their platform.
Originally Published 3 months ago — by SlashGear
A man purchased two refurbished iPhones from Temu and discovered issues upon opening them, highlighting potential concerns with refurbished electronics sold online.
Originally Published 4 months ago — by Push Square
The $200 Metal Gear Solid Delta: Snake Eater collector's edition, featuring a diorama with a poorly resembling Snake figurine, has been criticized for its low quality, leading fans to recommend sticking with the standard $70 version of the game.
Originally Published 4 months ago — by Barron's
PDD Holdings' stock experienced volatility after reporting quarterly earnings significantly above expectations, driven by strong revenue and earnings, but concerns over U.S. tariffs and sluggish Chinese consumer demand continue to weigh on the stock. The company's adjusted earnings per share rose, but sales growth slowed amid intense competition and economic challenges in China.
Originally Published 4 months ago — by Investor's Business Daily
PDD Holdings, the parent of Temu, saw its stock rally over 3% after reporting stronger-than-expected Q2 revenue of 103.98 billion yuan, despite a slight decline in earnings. The company's growth has slowed but remains positive, with a 31% increase in stock value this year. Challenges include sluggish domestic consumer spending and new import tariffs affecting Temu, but the company continues to focus on long-term value creation.
Originally Published 5 months ago — by The Verge
The European Union is investigating Temu for potentially hosting illegal, counterfeit, and unsafe products on its platform, which could lead to significant fines if violations are confirmed, amid ongoing scrutiny of its compliance with the Digital Services Act.
Originally Published 5 months ago — by Financial Times
Brussels has accused China's Temu of violating EU digital regulations, highlighting ongoing tensions over digital market practices and compliance within the European Union.
Originally Published 5 months ago — by Financial Times
Temu is struggling to rebuild its US online retail presence due to Amazon's dominant pricing power, which prevents Temu from offering significantly cheaper branded products. The company has faced challenges after changes in US import duties and has reduced advertising, leading to a sharp decline in active users. Temu's efforts to incentivize sellers and compete on price are limited by Amazon's ability to match or undercut prices, making it difficult for Temu to gain market share without risking losses or offering non-branded or discounted goods. The company advocates for fair competition amid these challenges.
Originally Published 5 months ago — by politico.eu
EU authorities are determined to crack down on illegal and unsafe products sold through platforms like Temu and Shein, which are responsible for a significant portion of small parcel imports into the EU. Investigations and reports highlight challenges in controlling these imports, raising concerns about consumer safety and fair competition for compliant businesses.
Originally Published 6 months ago — by Financial Times
Online retailers Shein and Temu experienced significant declines in US user engagement following President Trump's implementation of steep tariffs and the closure of a tax loophole, prompting Temu to shift its business model to focus on US-based sellers and both companies to increase their focus on European markets amid regulatory and trade challenges.
Originally Published 7 months ago — by New York Post
Temu's daily US users dropped by 58% in May following the US ending the 'de minimis' tariff exemption, which allowed Chinese companies to ship low-value packages tariff-free. This change, along with broader US-China trade tensions, has led to a significant decline in Temu's US engagement and sales growth, prompting the platform to cut ad spending and shift to a local fulfillment model. Meanwhile, Temu's growth in non-US markets has increased, especially in less affluent regions.
Originally Published 7 months ago — by Reuters
Temu's daily US users dropped by 58% in May following the end of the 'de minimis' tariff exemption, which allowed low-value Chinese shipments to the US tariff-free, leading to increased costs and a shift in its fulfillment strategy amid ongoing US-China trade tensions.
Originally Published 7 months ago — by BBC
PDD Holdings, owner of Temu, experienced nearly a 50% profit decline due to US tariff policies and intense competition in China, with profits dropping to 14.74 billion yuan and US shares falling over 13%.