bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

moreOnThisArticles

urlAlias

commentCount

authorLocations

authors

corrections

sponsorType

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

additionalInfoBoxes

quizIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Coco Feng

PDD Holdings subsidiary Temu, the Boston-based budget shopping app operator, will start operations in Australia and New Zealand next Monday, weeks after it achieved record-high sales in the United States.
As part of its commercial launch in the two Oceanian countries on March 13, Temu will exempt merchants on the platform from commission and guarantee fees, according to a report on Monday by the state-backed Shanghai Securities Journal.
Following that launch, goods listed on Temu in North America will also be made available to consumers in Australia and New Zealand, the report said.
Temu declined to comment on Monday.

The Temu app, which first rolled out in the US in September, expanded into Canada last month.
Similar to Nasdaq-listed PDD’s Pinduoduo platform in mainland China, the Temu app features a wide selection of budget-priced items, with some of the cheapest small gadgets and home decor items costing below US$1.
Temu’s latest expansion initiative shows how next-generation Chinese e-commerce apps have become an online retail force in other large consumer markets around the world on the back of their highly competitive pricing strategy, which has challenged more established global shopping platforms such as Amazon.com.
Temu, for example, was the most downloaded free iOS app in the US since mid-February, according to market tracker Data.ai. It was also the most downloaded app in the US in November and December, according to research firm Sensor Tower.
US sales soar for PDD’s Temu budget shopping app amid expansion into Canada
Temu recorded a gross merchandise volume (GMV) exceeding US$50 million in the week through February 5, according to New York-based market research firm YipitData, just ahead of the airing of its television advertisement during the broadcast of Super Bowl LVII on February 12.
Among its peers in the US such as Amazon.com and Etsy, Temu has the most number of users that overlap with the target customer base of fast-fashion app operator Shein, although the PDD-owned platform has fewer overall subscribers, according to YipitData.
PDD’s “international business is currently in a very early stage”, said Liu Jun, the company’s vice-president of finance, during a conference call with analysts last November.
Still, Temu is aiming for an annual GMV of US$3 billion this year according to a report in October by Chinese media 36Kr, which cited sources familiar with the matter. That target amount is a tenth of Shein’s annual GMV, the report said.


Alibaba’s Taobao sees 60% user surge in Thailand after launch of local-language version

JD.com said to buy majority stake in Hong Kong’s Kai Bo grocery chain

China talks tough on need to curb price wars

China’s top market regulator summons Alibaba, Meituan, JD.com over delivery price war

E-commerce

PDD’s Temu budget shopping app to enter Australia and New Zealand after strong sales growth in US, expansion into Canada

Similar to Nasdaq-listed PDD Holdings’ Pinduoduo platform in mainland China, the Temu app features a wide selection of budget-priced items. Photo: Bloomberg

Temu offers affordable merchandise across 29 major product categories. Photo: Shutterstock

PDD-backed upstart Temu takes on e-commerce platform Shein in the US with Super Bowl debut

Athletes in action during Sunday’s NFL championship game between Kansas City Chiefs and Philadelphia Eagles in Glendale, Arizona. Photo: Reuters

The Temu app is seen in the Apple’s iOS App Store. Photo: Shutterstock

Chinese e-commerce apps Temu, Shein, TikTok Shop emerge as online retail force in US, other overseas markets on back of low-cost pricing strategy

Chinese e-commerce apps Temu, Shein and TikTok Shop entice international consumers with prices that are cut to the bone and efficient delivery services. Photo: Shutterstock

Temu, a budget shopping service run by e-commerce firm Pinduoduo, was the most downloaded app in the US in November and December, according to Sensor Tower. Photo: Shutterstock

A smartphone displays a huge discount programme offered by Chinese fast-fashion online retailer Shein. Photo: Shutterstock

Shein rival app from Chinese e-commerce giant Pinduoduo tops the charts, but rock-bottom prices could be unsustainable

The logo of Chinese e-commerce firm Pinduoduo printed on boxes in a shopping mall during the 5.5 shopping festival in Shanghai on May 2, 2020. Photo: AFP

A screenshot of Pinduoduo’s overseas e-commerce app Temu, which launched in September in a bid to rival the success of Shein. Photo: Captured from Temu

Tech

Big Tech

Tech Trends

Business

China Business

News

China

Boston-based Temu will start operations in Australia and New Zealand on March 13
Following that launch, goods listed on Temu in North America will also be made available to consumers in the two Oceania countries


Temu’s latest expansion initiative shows how next-generation Chinese e-commerce apps have become an online retail force in other large consumer markets.


PDD’s Temu budget shopping app to enter Australia and New Zealand after strong sales growth in US, expansion into Canada

Boston-based Temu will start operations in Australia and New Zealand on March 13 Following that launch, goods listed on Temu in North America will also be made available to consumers in the two Oceania countries

Boston-based Temu will start operations in Australia and New Zealand on March 13

Following that launch, goods listed on Temu in North America will also be made available to consumers in the two Oceania countries