Temu

Temu owner sales rocket 131% in Q1

The owner of Temu, PDD Holdings, has welcomed a strong first quarter of trading as sales rocketed 131% to RMB86.8bn…

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Today’s news in brief-15/4/24

Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used…

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Dr Martens sues Temu over alleged Google ad trademark infringement

Dr Martens, the British footwear brand, has filed a lawsuit against online retailer Temu last week, over a trademark infringement,…

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Today’s news in brief-21/3/24

Reports suggest that Kingfisher, the owner of B&Q, is contemplating a bid for Homebase’s stores in the Republic of Ireland,…

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Temu revenues double to £27bn in FY23

Temu owner PDD Holdings has reported total revenues at the discount e-retail group hit ¥247bn (£27bn) in the full year…

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Amazon UK has lost 1 million app users, study finds

Amazon UK has lost over 1 million app users since the start of the year amid an emergence of international…

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