Temu
EU fines Temu for breaching EU rules on sale of illegal products
The European Commission has fined the Chinese online retailer Temu 200 million euros under the Digital Services Act (DSA) for not doing enough to stop the sale of illegal productsTemu’s owner warns of slowing growth ahead
The Chinese e-commerce group PDD Holdings has reported a strong performance in the second quarter of 2024. However, it has also warned of challenges ahead as growth slowed on a quarter-on-quarter basisRemarkable performance by Temu owner PDD
The Chinese e-commerce group PDD Holdings reported a “pivotal” year in the company's history, with revenue up by 123% year-on-year and profits up by 146% in the fourth quarter, driven by growing demand- 1















