Chinese-developed mobile apps are increasingly gaining global market share. Think TikTok, Shein, and Temu to name just a few. Last year, the top-grossing apps globally were Chinese-developed, including TikTok, Honor of Kings, Genshin Impact, and PUBG Mobile, earning over US$1 billion in revenue. The growth of Chinese apps overseas is particularly noticeable in the gaming sector. In…
Temu was the most downloaded app by Gen Z in the US in the first 10 months of 2024. Users aged 18 to 24 downloaded the app nearly 42 million times from January to October. Low prices, convenience, and the gamification of shopping are among its selling points. Thanks for signing up! Access your favorite…
LONDON — The European Union is investigating Chinese online retailer Temu over suspicions it’s failing to prevent the sale of illegal products, the 27-nation bloc’s executive arm said on Thursday. The European Commission opened its investigation five months after adding Temu to the list of “very large online platforms” needing the strictest level of scrutiny…
The European Union has launched an investigation into Chinese online marketplace Temu, under suspicions that it is not cracking down on the sale of illegal products and that the platform’s design is “addictive” for users. The investigation comes under the European Commission’s Digital Services Act, a powerful instrument that gives it sweeping powers over online…
The EU launched a formal investigation Thursday into Chinese-founded e-commerce platform Temu on suspicion the site is doing too little to stop the sale of illegal products, in a probe that could lead to large fines. Extremely popular in the European Union despite having entered the continent’s market only last year, Temu has on average…
JAKARTA (Reuters) – Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday. The move was intended to pre-emptively protect the country’s small and medium-sized businesses against cheap products being offered by PDD…