China’s ‘mind-blowingly’ cheap shopping app Temu hits roadblocks in south-east Asia
Known for its deep discounts and viral marketing, the online marketplace has fallen afoul of regulators for threatening the livelihoods of local vendors
Chinese online marketplace Temu has enjoyed explosive international growth off the back of an eye-catching and often absurdly cheap range of products, but those cut-price tactics have met increasing roadblocks as it seeks to conquer new markets in south-east Asia.
Indonesia ordered Temu to be taken down from app stores in October, a move it said would protect the country’s smaller merchants. Last week, Vietnam threatened to ban Temu and fellow Chinese-owned fast-fashion outlet Shein by the end of the month, saying they had not been approved to do business in the country.
Continue reading...
Read more at The Guardian
-
FirstFT: Twin scandals hit PwC’s Asia profits
World - Financial Times - October 29 -
EU launches action against shopping website Temu over illegal products
World - The Guardian - October 31 -
Colombia Hikes Tariffs on Cheap Steel Imports From China
World - Yahoo News - October 21 -
PwC profits fall in Asia after scandals in China and Australia
Business - Financial Times - October 29 -
Asia braces for steep China tariffs in second Trump term
World - Financial Times - November 6 -
Xsolla announces certified parental controls, a boom in Web Shop revenue and expansion in SE Asia
Tech - VentureBeat - October 21
More from The Guardian
-
Biden lifts ban on Ukraine using US weapons to strike deeper into Russia
World - The Guardian - 6 hours ago -
Israeli strike on Beirut kills Hezbollah media chief Mohammed Afif
World - The Guardian - 9 hours ago -
Republican senator calls for release of Matt Gaetz ethics report to chamber
World - The Guardian - 9 hours ago -
Lidia Thorpe defiant after Senate censures her protest against King Charles: ‘I’ll do it again’
World - The Guardian - 47 minutes ago -
Australia accused of ‘exporting climate destruction’ on tiny Pacific neighbours with massive gas expansion plans
World - The Guardian - 8 hours ago
Latest in World
-
Slovak opposition rallies against the government of populist Prime Minister Robert Fico
World - ABC News - 11 minutes ago -
North Korean leader calls for expanding nuclear forces in face of alleged US threats
World - ABC News - 11 minutes ago -
Lidia Thorpe defiant after Senate censures her protest against King Charles: ‘I’ll do it again’
World - The Guardian - 47 minutes ago -
Russia launches one of its fiercest missile and drone attacks at Ukraine's infrastructure
World - ABC News - 1 hour ago -
From the Amazon rainforest, Biden declares nobody can reverse US progress on clean energy
World - ABC News - 1 hour ago