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Pinduoduo and Temu, both owned by PDD Holdings, is winning over customers in both China and the U.S. through low prices. ... ($34.4 billion,) 90% higher than the previous year. Net income rose 93% ...
Temu requires its sellers to offer their products at prices lower than those found on AliExpress. [30] When multiple sellers offer the same product, Temu authorizes only the one with the lowest price. [30] Items not meeting Temu's minimum sales requirements (30 pieces and $90 in 14 days) are removed from the platform. [30]
The company also offers free shipping on all orders. For Mother’s Day, Temu is offering up to 90% off on a wide variety of products, including flowers, shoes and bags, home goods, and more. You ...
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