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The European Union is investigating Chinese e-commerce platform Temu over concerns that it may have failed to limit the sale of illegal products. The European Commission, the EU’s executive arm ...
Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday, in a move which ...
The European Union has opened an investigation into e-commerce platform Temu looking at whether the company is doing enough to combat sales of illegal products on its site.
Temu is the latest platform the European Commission (EC) has fixed its regulatory gaze upon. Europe’s top consumer enforcement authority said Thursday it’s opening a formal investigation into ...
Temu is at risk of being fined for breaching European Union consumer-protection law, adding to the e-commerce platform’s regulatory problems a week after the bloc opened a separate investigation ...
Temu's sales also decelerated, though at a slower rate, from 15.4% to 14.4%, which Earnest's head of marketing, Michael Maloof, said was in line with its usual weekly fluctuations.
Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll ...
Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in.
PDD (PDD) shares are plunging as sales of Chinese online retailers Temu — which is owned by PDD Holdings — and Shein dropped sharply after tariff-driven price hikes, according to Bloomberg. US ...
U.S.-listed shares of Chinese e-commerce company PDD Holdings are plunging in premarket trading after the parent of discount marketplace Temu reported second-quarter sales below analysts' estimates.