Category: Temu
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UK parliamentary committee to question Shein and Temu
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The UK’s cross-party Business and Trade Committee has scheduled an inquiry session on 7 January 2025, targeting online fast fashion retailer Shein and global e-commerce platform Temu. The committee will investigate these companies regarding the treatment of workers within their supply chains, according to A Reuters a report. This scrutiny…
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Indonesia asks Apple, Google to block China’s Temu to protect small merchants By Reuters
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JAKARTA (Reuters) – Indonesia has asked Alphabet Inc (NASDAQ:) and Google (NASDAQ:) to ban Chinese fast-fashion e-commerce company Temu in their app stores in the country so it cannot be downloaded, an Indonesian minister said on Friday. . Communications Minister Budi Ari Setiadi told Reuters that the move aims to…
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Indonesia asks Apple, Google to block China’s Temu to protect small merchants By Reuters
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JAKARTA (Reuters) – Indonesia has asked Alphabet Inc (NASDAQ:) and Google (NASDAQ:) to ban Chinese fast-fashion e-commerce company Temu in their app stores in the country so it cannot be downloaded, an Indonesian minister said on Friday. . Communications Minister Budi Ari Setiadi told Reuters that the move aims to…
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Can the Government save US ecommerce from Temu and Shein? By Investing.com
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Investing.com – The US government is now facing a growing e-commerce challenge: the growing influence of Chinese retail giants Temu and Shein. Both platforms have revolutionized the US market with their ultra-low-cost products and unique consumer-to-manufacturer business models, providing huge price advantages over local competitors. With the recent proposals made…
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Hedge funds may lose billions from Temu owner PDD’s stock crash
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Written by Summer Chen HONG KONG (Reuters) – Concentrated bets on Chinese e-commerce giant BDD Holdings Ltd may have cost hedge funds billions of dollars in losses as its shares tumbled following disappointing comments from its executives. Shares of U.S.-listed BDD Inc., owner of low-priced retailer Teemo, have fallen 33%…