Temu

Despite a decline in global web traffic, down 13% year-over-year, fast-fashion innovator Shein is showing robust growth in other respects. What Happened: Ahead of the Singapore-based company’s initial public offering (IPO), Similarweb Stock Intelligence highlighted how, in the U.S. and U.K...

In the fierce battlefield of e-Commerce, Amazon.com Inc (NASDAQ:AMZN) continues to reign supreme, but emerging challengers like PDD Holdings Inc‘s (NASDAQ:PDD) Temu, Shein, and TikTok Shop are making significant strides. Wedbush Securities analyst Scott Devitt’s latest survey of over 1,...

Increasingly popular Chinese online budget retailers, such as PDD Holdings‘ (NASDAQ:PDD) Temu, offer products at dirt-cheap prices. One U.S. state launched a lawsuit against Temu for deceptive practices amid greater geopolitical escalation between the U.S. and China. What Happened: Arkansas...

The European Union (EU) is considering imposing on inexpensive goods bought online through Chinese retailers like Alibaba Group Holding Limited‘s (NASDAQ:BABAF) rivals Shein and PDD Holdings‘ (NASDAQ:PDD) Temu. What Happened: The European Commission is set to propose the abolition of...

The COVID-19 pandemic accelerated a trend of customers opting for online shopping rather than retail. Amid a general stagnation of online shopping growth, one small subset of e-commerce has far outperformed the broader online marketplace. Industry Trends: The overall e-commerce industry has seen...

Amazon.com Inc (NASDAQ:AMZN) has consistently shown growth across its diverse business segments, from e-commerce to cloud computing. While the bullish outlook for the Seattle-based company is well-documented, understanding the potential risks is crucial for a balanced investment strategy. A recent...

The stock of PDD Holdings Inc (NASDAQ:PDD), the parent company of Temu, is currently trading at its lowest level ever. This is despite the company’s robust growth and performance in the e-commerce sector. What Happened: PDD’s stock is currently at 13 times the expected earnings for the...

In a strategic move, Temu, the e-commerce platform owned by Chinese conglomerate Pinduoduo Holdings, is now inviting sellers with U.S.-based warehouses to join its platform. This development signifies a notable shift from Temu’s previous model, which primarily involved shipping products...

Update: This story was updated at 6:21AM ET after Temu’s spokesperson responded to Benzinga’s query. Chinese e-commerce entity, Temu, has given a substantial lift to the advertising revenues of Meta Platforms Inc (NASDAQ:META) and Google parent company Alphabet Inc (NASDAQ:GOOGL) (...

Shein, the Chinese fast-fashion giant, is reportedly contemplating a shift of its initial public offering (IPO) from the U.S. to London due to regulatory obstacles. The company is also considering other potential venues, including Hong Kong and Singapore. What Happened: Shein, which was initially...

PDD Holdings (NASDAQ:PDD) stock was trading down almost 3% pre-market on Feb. 26 as investors fear a potential import ban on its e-commerce subsidiary, Temu, might affect their investment in the stock. While in 2023, Pinduoduo stock has seen a gain of 73%, it is already down 12.7% so far this year...

In just over a year, Temu has emerged as a formidable player in the e-commerce arena, achieving substantial growth in traffic and sales, particularly in the U.S. Similarweb Digital Data unveils the strategies behind the company’s success and a secret weapon the company is using as it...

E-commerce company Temu was among the biggest spenders on Super Bowl commercials during the airing of Super Bowl LVIII Sunday. With ads coming in at a cost of $7 million for a 30-second spot, Temu airing the same commercial several times gained strong attention both good and bad. What Happened: The...

Super Bowl LVIII aired on Sunday, Feb. 11, 2024 and saw the Kansas City Chiefs defeat the San Francisco 49ers in overtime to win back-to-back National Football League championships. The game also featured dozens of commercials advertising products and showcasing new movies and television shows. The...

The highly anticipated initial public offering (IPO) of Shein, a global online fashion giant, is facing a significant setback as investors are struggling to sell shares at a 30% discount in private market deals. What Happened: Investors are finding it challenging to offload Shein shares in private...