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Temu-Owner PDD beats profit estimates as revenue growth slows to 8%
PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose about 3.5% premarket [...]
Temu is poaching Amazon and Walmart employees as it builds an army of sellers
Temu (PDD), the Chinese e-commerce giant known for affordable goods and labor complaints, is recruiting employees from major competitors — including Amazon and Walmart — in order to aggressively e [...]
Shein takes Temu to London’s High Court over “industrial-scale” copyright theft
The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused T [...]
Meta will let kids under 13 use WhatsApp with parent-managed accounts
Meta has announced that it’s introducing parent-managed accounts on WhatsApp. Designed to allow young people under the age of 13 to use the messaging platform more safely, these accounts feature new [...]
TikTok, Temu and more face complaints alleging GDPR violations in EU
Austrian privacy advocate NOYB has launched its first GDPR complaints against Chinese businesses. The organization has filed complaints against TikTok, Xiaomi, Shein, AliExpress, Temu and WeChat, alle [...]
Temu and Shein aim for U.S. market supremacy — challenging Amazon's hold
Temu and Shein, two Chinese fast-fashion giants, are determined to increase their dominance in the U.S. market, challenging Amazon’s efforts to capture a share of the budget-friendly e-commerce spac [...]
Brussels fines Temu €200M under the DSA for unsafe baby toys and faulty chargers
The Temu fine, the second-ever DSA penalty after X’s €120M in December, gives the EU’s online-safety regime its first major Chinese-platform enforcement case. The European Commission has fined T [...]
Agentic security: Enterprises enforce agent permissions two-thirds of the time — and isolate high-risk agents less than one in five
Across 116 enterprises, agents are in production and so are the incidents: A majority have already had a confirmed agent security event or a near-miss. Two-thirds of enterprises enforce scoped permiss [...]