Temu
| File:Temu logo.jpg | |
| Company type | Private |
|---|---|
| Industry | e-commerce |
| Founded | 2022 |
| Headquarters | United States |
Area served | United States |
| Services | Clothing, jewelry, pet supplies, home and garden[1] |
| Parent | WhaleCo Inc[2] |
| Website | www |
Temu is an American e-commerce platform.[1][3] Temu, a sister company of one of the largest e-commerce platforms by number of users, was launched in September 2022 in the US.[4][5] They both belong to a Nasdaq listed company (Nasdaq:PDD).[6] PDD was listed on the Nasdaq since July 2018. Its market cap has reached above US$200 billion at one point.[7][8]
One of the operating companies under PDD is Pinduoduo, the largest e-commerce platform in China by the number of users. As of March 2022, Pinduoduo had 881.9 million users and more than 11.5 million merchants.[9]
References
- ^ a b Kharpal, Arjun. "China's e-commerce giant Pinduoduo quietly launches U.S. shopping site in Amazon challenge". CNBC. Retrieved 18 September 2022.
- ^ Qu, Tracy (2 September 2022). "A new Shein rival from China's budget e-commerce king promises cheap fashion". South China Morning Post. Retrieved 21 September 2022.
- ^ Webster, Sophie"Pinduoduo Launches its Online Shopping Site Temu in the US and is Expected to Compete With Amazon". techtimes.com. 2 September 2022. Retrieved 2 September 2022.
- ^ "China's Pinduoduo Quietly Launches U.S. E-Commerce Site Temu". wsj.com. Retrieved 2 September 2022.
- ^ "Temu: Pindudo's New Line of Business in America". nationworldnews.com. 2 September 2022. Retrieved 5 September 2022.
- ^ "Pinduoduo Inc. American Depositary Shares (PDD)". nasdaq.com. Retrieved 2 September 2022.
- ^ "In 2021, Q4 pinduoduo's revenue was 27.23 billion yuan, with a year-on-year increase of 3% From Pinduoduo". Fresh Research reports and Daily Fintech briefings. Retrieved 27 August 2022.
- ^ "Pinduoduo Announces First Quarter 2022 Unaudited Financial Results". PinDuoDuo. Retrieved 27 August 2022.
- ^ Wyk, Barry van (31 May 2022). "Pinduoduo, the ecommerce platform for Chinese farmers, had a profitable quarter despite the slowing economy". SupChina. Retrieved 27 August 2022.
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