Temu, a Chinese e-commerce platform, has come under scrutiny by the Competition Commission of Pakistan (CCP) over alleged ...

Temu, in a new antitrust ... noting that an analysis of identical products on both Shein and Temu showed they usually cost 10 ... “Appropriate and competitive responses to a new market entrant ...

NEW YORK (Reuters) -Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to their websites this holiday season, but they far lag market leader Amazon.com where it ...

Reuters. FILE PHOTO: People shop at the Shein Holiday pop-up shop inside of Times Squares Forever 21 in New York City, U.S., November 10, 2023.REUTERS/David 'Dee' Delgado/File Photo ...

Shares of the highflying, U.S.-listed PDD, parent of Temu, plunged 31% last week after the company unveiled results. The numbers themselves weren’t what spooked the market—they were decent.

Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will likely falter amid intensifying competition in the fast-fashion sector.

Competition comes from rivals like fellow China-founded cut-priced fast-fashion retailer Shein, and as Amazon.com Inc. (AMZN) launched its own Amazon Haul store with products priced at $20 and under.

Temu, which launched in the U.S. in September 2022, is offering deals for cheap goods for the holiday shopping season. It had 42 million unique monthly visitors in October 2023, more than four ...

PDD Group's Temu sells $9 dresses and $12 women's shoes. Shein's website drew 28.6 million unique monthly visitors in October, up 7.25% from a year earlier, according to SimilarWeb.