temu

CE 100 Index Gains 0.3% as Meta Soars 20% Post-Earnings
CE 100 Index Gains 0.3% as Meta Soars 20% Post-Earnings
February 05, 2024  |  Connected Economy

Meta dominated the CE 100 Index’s earnings-related news this week, soaring on commentary that users are engaging more often with its app. The overall index...

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Temu Ad Spend Places It Among Largest Online Advertisers in US
Temu Ad Spend Places It Among Largest Online Advertisers in US
January 31, 2024  |  eCommerce

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to...

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Temu Gains Following Among Older eCommerce Shoppers 
Temu Gains Following Among Older eCommerce Shoppers 
January 23, 2024  |  eCommerce

Temu has reportedly defied expectations by attracting a significant number of baby boomers and Generation X shoppers in the United States.  Contrary to its reputation as...

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Report: Shein or Temu Could Benefit From Merger With Wayfair
Report: Shein or Temu Could Benefit From Merger With Wayfair
December 29, 2023  |  Retail

Shein or Temu reportedly could be potential merger partners for Wayfair. Either of the two Chinese-founded eCommerce companies could be a good fit for a...

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CE 100 Index Gains 3.1% as Communications Stock Surge Is Led by Snap 
CE 100 Index Gains 3.1% as Communications Stock Surge Is Led by Snap 
December 04, 2023  |  Connected Economy

The CE 100 Index gained 3.1% coming off a Thanksgiving holiday-truncated week with vigor as all segments gained ground. The Communications pillar surged 8.7%.   Snap...

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Temu and Shein Struggle to Convert Visits Into Transactions 
Temu and Shein Struggle to Convert Visits Into Transactions 
November 22, 2023  |  eCommerce

Online retailers Temu and Shein reportedly draw millions of visitors to their websites but struggle to convert those visits to sales.  Despite their popularity, the two retailers still lag...

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Report: Shein and Temu Fight Two-Front Battle for Fast-Fashion Market
Report: Shein and Temu Fight Two-Front Battle for Fast-Fashion Market
July 30, 2023  |  Retail

Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” That suit followed an earlier one filed in federal court in March in which...

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Temu Accuses Rival Shein of ‘Intimidation’ in Federal Lawsuit
Temu Accuses Rival Shein of ‘Intimidation’ in Federal Lawsuit
July 19, 2023  |  Legal

The rivalry between two Chinese online retailers spilled over into U.S. federal court. In an antitrust suit filed in Massachusetts last week, Temu accuses fast-fashion...

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Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
July 12, 2023  |  Retail

Multiple Amazon sellers reportedly said their listings, including product images and descriptions, were replicated by other sellers on Temu. The continuous presence of Temu’s infringing listings has prompted...

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