Low-cost e-commerce platform Temu has expanded into Europe.
Temu is owned by PDD Holdings, and is the sister company to Chinese discount online retailer Pinduoduo. The company operates a similar cross-border model to Shein, and has made waves since expanding into the US in September 2022.
The company, which sells shoes, jewellery, beauty accessories and home goods directly from Chinese merchants at a low price, has started selling into European markets including the UK, Spain, France, Germany, Italy, and The Netherlands.
Temu, also available in Canada, Australia and New Zealand, operates out of Boston, Massachusetts, and saw 19 million downloads on Apple and Google’s respective mobile app stores in the first quarter of 2023, becoming the most-downloaded app in the US.
According to YipitData, the platform’s gross merchandise value grew from $3 million in September to $192 million in January.
Latest News
-
Mattel integrates OpenAI technology to create next-generation AI-powered toys
-
Carrefour trials AI tech platform to drive connected store plans
-
eBay to launch US livestream shopping tour
-
Shopify enables USDC stablecoin payments for merchants worldwide
-
UK footfall down in May
-
Walmart launches credit cards for US consumers
Supermicro and NVIDIA’s AI Solution for Retailers
To find out more: click here
Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
© 2024 Perspective Publishing Privacy & Cookies
Recent Stories