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The Latest Breaking News from Temu

Temu App Stock Rallies As Downloads Smash Amazon's

PDD stock is getting a boost on news that China may offer a stimulus package to help its stock market. The Temu app stock is setting up .

Investors Business Daily

Retail Giant Walmart In Hot Water After Blizzard Employees Get Noodly Bonus

“Stay warm with some ramen noodle soup and crackers." The post Retail Giant Walmart In Hot Water After Blizzard Employees Get Noodly Bonus first appeared on Bored Panda.

Bored Panda

Shopper accuses boutique of selling Shein swimsuit for $40

‘At least take the tags off and hide the evidence,’ customer says

The Independent UK

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These 2024 Internet 'Narratives' Are Favoring Amazon And Meta, Analyst Says

Analysts at Bernstein say many of the emerging narratives for 2024, including a focus on fundamentals, are positive for Amazon stock and Meta.

Investors Business Daily

Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

Fortune

TechScape: Has online shopping left us in a desperate race to the bottom?

Low-cost, low-quality ‘everything’ stores such as Temu, Shein and Amazon make buying stuff easier than ever – but it comes at a cost

The Guardian - UK

IPO candidate Shein under fire by Temu—again—over alleged bullying, intimidating suppliers in new lawsuit

The lawsuit is the latest barrier to the fast fashion retailer as it seeks a public listing in the U.S.

Fortune

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Online retailer Temu sues rival Shein, alleging ‘mafia-style intimidation’

Chinese-owned e-commerce firm reignites acrimonious legal battle and alleges Shein ‘bullied and intimidated’ suppliers

The Guardian - US

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

Fortune

Why Chinese E-Commerce Giant Temu's Challenge To Amazon Is Boosting Meta

Temu's big spending on Facebook and Instagram ads has captured the attention of Meta stock analysts on Wall Street.

Investors Business Daily

Weapons banned in UK apparently found on shopping app Temu

Which? says it bought age-restricted knives and axes without checks from sellers on China’s answer to Amazon

The Guardian - UK

First Thing: Netanyahu says Israel not seeking to occupy Gaza

Prime minister appears to soften statement that Israel could be responsible for Gaza’s security indefinitely. Plus, what has turned a pond in Hawaii bright pink?

The Guardian - UK

Asos has gone from being an iconic comfort brand to a fast-fashion also-ran. What happened?

Asos has an identity crisis – and, with post-pandemic inflation, its product and business model have become unsustainable, says freelance writer Sophie Benson

The Guardian - UK

‘Sexual’ Temu online shopping adverts banned by UK authority

One of Chinese e-commerce app’s ads appeared on British news site ‘portraying child in sexual way’

The Guardian - UK

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Investors Business Daily

Shopify To Report With Flexport Deal, Temu, Shein Apps In Focus

Shopify reports Q3 earnings early Thursday. SHOP stock has gained 32% this year but has retreated from a 52-week high of 71.53 set on July 14.

Fortune

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Investors Business Daily

Is Amazon Stock A Buy As Tech Giant's Shares Approach July Highs?

Amazon stock started strong in 2024 but sold off to close the summer. The stock is hovering just below record July highs.

Investors Business Daily

Amazon Still Has A Big Lead Among Teen Shoppers, Despite Challenge From Temu

Amazon is still the preferred retailer of Gen Z shoppers, despite growing concerns about competition from Temu and Shein.

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The Guardian - AU

Addictive, absurdly cheap and controversial: the rise of China’s Temu app

Temu’s meteoric growth – and its astronomical marketing budget – has experts asking whether its business model is sustainable

Investors Business Daily

Temu App Owner Forming Base As User Growth Explodes

Temu app parent company PDD Holdings' stock is forming a new base on its chart. The app is being rolled out across the globe.

The Canberra Times

These Canberrans are working towards a future without fashion waste

Which is more sustainable? Op-shops, renting or buying less?

Fortune

TikTok's plans to conquer the U.S. shopping market gets mixed reviews

TikTok's newly launched Shop platform hopes to eat into Amazon's retail business as easily as it did with Facebook's social media. But a plethora of cheap wares and worries about data could hamper its chances.

The Conversation

Temu: China's answer to Amazon is already Australia's most popular free app. What makes it so addictive?

If you spend much time online you’ve probably seen one of Temu’s colourful ads – punctuated by its catchy tagline: “shopping like a billionaire”.

Investors Business Daily

PDD Holdings Jumps 15% On Earnings Beat; Revenue Up 66%

PDD stock jumped more than 15% Tuesday after the e-commerce company reported earnings that easily topped Wall Street analyst estimates.

The Independent UK

Shein and Forever 21 team up in hopes of expanding reach of both fast-fashion retailers

Fast fashion retailers Shein and Forever 21 are going into business together

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