China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.11% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.18% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

Missfresh highlights issues facing Chinese online merchants

Missfresh highlights issues facing Chinese online merchants

China’s online grocery delivery market, where big tech companies and startups once competed fiercely, is facing a blow as companies struggle with continuous losses and cash shortages exacerbated by a slowing economy and tighter regulations. Missfresh one of China’s leading grocery delivery companies said last week that it has closed its main same-day grocery delivery … Read more