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Shares in Temu’s Chinese owner PDD Holdings plunged 13.9% Tuesday morning after the e-commerce giant reported its slowest revenue growth in three years and a sharp drop in profit.
Temu did not respond to a request for comment on the drop in US daily users or the headwinds it faces in the US market. Engagement on Temu has dropped significantly following the end of the ...
Temu added that it is "actively recruiting U.S. sellers to join the platform." Previously, U.S. shoppers relied on China-based merchants to ship their goods overseas at bargain-basement prices.
As 'de minimis' trade loophole ends Friday, Shein, Temu shoppers could pay a lot more. A page from the Temu website in 2023. Credit: AP Photo/Richard Drew.
Retail; Purchases from Temu, Shein and others just got more expensive. Updated: ; May. 02, 2025, 11:31 a.m. | Published: ; May. 02, 2025, 11:13 a.m.
Hours after the de minimis exemption went defunct, Chinese e-commerce site Temu made an announcement: it was overhauling its shipping model and handling all US sales via US based sellers.
Chinese fast-fashion giants Shein and Temu previously announced they would be raising prices starting April 25. We tracked 15 items to compare.
For example, a cart of 10 items from Temu, including a 50 pack of heavy-duty hangers for $70.50, a men’s green linen shirt for $19.38 and a fluffy pink dog bed for $24.05, came out to $275.03 ...
Temu said it has stopped shipping products from China directly to U.S. shoppers as it confronts higher tariffs and the end of the de minimis provision.
Hours after the de minimis exemption went defunct, Chinese e-commerce site Temu made an announcement: it was overhauling its shipping model and handling all US sales via US based sellers.
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