Wednesday, May 22, 2024

PDD’s shopping app Temu mulls reducing reliance on US shoppers

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Justin Sullivan/Getty Images News

PDD (NASDAQ:PDD)-owned Chinese e-commerce platform Temu is trying to reduce its reliance on the U.S. market amid growing heat from U.S. politicians toward Chinese companies, The Information reported.

The U.S. accounted for 60% of total merchandise sales on Temu, and the site is now intends

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