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A subsidiary of Chinese e-commerce giant PDD (market cap of $167 billion), Temu only launched in the U.S. in the fall of 2022 but is already the most popular shopping app in the U.S. on both ...
Launched. September 2022. Temu ( / ˈtiːmuː / TEE-moo) is an online marketplace operated by the Chinese e-commerce company PDD Holdings. [ 8][ 9] It offers heavily discounted consumer goods [ 10] which are mostly shipped to consumers directly from China. [ 11][ 12] Temu's business model has allowed it to become popular among consumers but has ...
The name “Temu” is short for “Team up, price down,” reflecting Temu’s focus on using economies of scale to continuously drive down costs and prices for consumers. The more consumers buy ...
Temu came on the U.S. market in 2022 and has gained traction by offering cheap apparel and other goods, such as $9 sweaters and $5 mugs. Its app was the most downloaded free application on Apple ...
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The second place with that bad source is the first sentence in the History and business model section. Here’s what that sentence would look like with the new source: Although owned by Pinduoduo Inc, Temu is operated in the United States by US-based WhaleCo Inc. [2] Temu is headquartered in Boston. [1] 3.
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