Temu Australia – channelnews

Temu Wobbles As Profits Slide 47%

David Richards May 28, 2025 No Comments

Shares of PDD Holdings, the parent company of Chinese international online retailer Temu, plunged more than 18% in premarket trading last night following lower-than-expected first-quarter earnings following the introduction of…

Revenue Growth Slows At Temu’s Chinese Parent Company PDD

Varun Godinho March 24, 2025 No Comments

PDD Holdings, the Chinese owner of ultra-cheap online retailer Temu, has reported slower quarterly profit and revenue growth. Although the company reported a fourth-quarter revenue increase of 24% to 110.61…

Temu Looking To Cut Deals With Local Appliance & Big Goods Suppliers In Same Day Service Move

David Richards December 4, 2024 No Comments

Temu believes that they can take on Australian retailers especially the likes of Bunnings, Big W, Kmart and Target in the value market despite questions being raised about the products…

Temu Being Investigated For Misleading Sales Practices

Varun Godinho November 11, 2024 No Comments

Chinese e-commerce platform Temu which has millions of users in Australia is being investigated over misleading sales practices. The European Commission and national regulators, including Belgium, Germany and Ireland, have…

Chinese E-commerce Store Temu Faces Backlash From Suppliers

Varun Godinho July 31, 2024 No Comments

Temu, a Chinese e-commerce platform that sells items at rock-bottom prices, launched in Australia last year and now has millions of customers from the country shopping on the platform. The…

Data-Hungry Temu 8th In Retail Ranking, Beats Bunnings

Melissa Fitzgerald October 31, 2023 No Comments

Temu has the fastest-growing online customer base among Australian retailers, and in a new survey, the e-commerce giant climbed to the eighth-largest retail spot, surpassing Bunnings. The Ipsos poll also…

Shein Allegedly Blocking Temu, Fashion Giants Duke It Out in U.S. Courts

Melissa Fitzgerald July 21, 2023 No Comments

Chinese fast-fashion competitors Temu and Shein are headed to U.S. courts over Temu alleging Shein had engaged in “unlawful exclusionary tactics”. The antitrust suit was filed by Temu in Boston federal…

Big Chinese Online Retailer Targets OZ Retailers

David Richards April 18, 2023 No Comments

Online retailers and in store retailers such as Target, Big W And Kmart, who have recently expanded their value product range due to inflation pressures, are facing a major new…