Tag: $Temu

The Chinese owner of bargain-shopping app Temu reported better-than-expected profit in the second quarter, as the company navigated fierce domestic competition and increased regulatory pressure.

Brussels wants to accelerate the imposition of customs duties on low-value parcels entering the European Union in a bid to crack down on cheap Chinese e-commerce imports such as from Shein and Temu, Trade Commissioner Maros Sefcovic has said.

U.S. President Donald Trump’s tariff pause gives Temu and Shein a temporary window of opportunity to restock U.S.-based warehouses and re-evaluate their supply chain management, experts and insiders say.