Temu, a rising competitor to Amazon, is making strategic moves to reduce its dependence on the U.S. market and expand sales in Europe and the Middle East. This shift comes amidst increasing scrutiny and anti-China sentiment in the U.S., prompting Temu to cut its U.S. market contribution by half. The company's efforts to diversify its customer base and global presence are seen as a response to political pressures and a bid for sustained growth.
$PDD Temu is looking to reduce reliance on US customers. #GoodPlan https://t.co/Za81Sjl7Ct
RIP Temu "Temu is trying to reduce its reliance on the U.S. market amid growing heat from U.S. politicians toward Chinese companies" https://t.co/BdevefXuIA
Scoop: #Temu is looking to reduce its reliance on the U.S. market, cutting the % of U.S. market contribution to its total GMV by half, as anti-China hostility mounts... https://t.co/WY7PHXG660 via @theinformation
Temu wants to reduce its reliance on the US, a potential headwind for Meta & Google https://t.co/0afbqZv7Lp
Exclusive: Temu aims to cut its reliance on U.S. shoppers and grow sales in Europe and the Middle East. https://t.co/gHgYGq4ofD By @jingyanghk
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How Temu ruffles the online retail – Shaun Rein https://t.co/l16FHQ9S7X
How Temu is shaking up the world of online shopping https://t.co/Dr15xs7WMw
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