Tag "Temu"
Is the era of cheap Chinese stuff over? The EU is introducing tariffs
The European Commission plans to introduce new measures on cheap goods sold by Chinese online retailers such as Temu, AliExpress and Shein. This is intended to deal with the increase...
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Czech and Romanian investors take over the Hungarian e-commerce market
The sale of the Hungarian family-owned Foxpost parcel vending machine network brought about a significant change in the Hungarian logistics and e-commerce sector. Wallis Group and private equity fund manager...
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Domestic slowdown vs. soaring Temu
NorbertAccording to GKID and Mastercard’s Digital Commerce Survey 2024 report, the Hungarian e-commerce market still showed growth in 2023 (8.5%), but this was a significant decline from the double-digit growth...
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Delays are expected for Shein and Temu orders due to new measures by US customs authorities
According to the latest reports, US Customs and Border Protection (CBP) has tightened inspections to curb the importation of illegal goods, which has a direct impact on online commerce giants...
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Scary amounts of toxic substances have been found in Shein’s children’s products
A recent investigation ordered by the South Korean government has revealed serious security concerns about products sold by Chinese online commerce giants. During the inspections, dangerous levels of toxic substances...
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It takes a long time for cheap Chinese products to reach us
Cheap products ordered from China take a long time to arrive, which causes concern among buyers. Companies like AliExpress, Shein and Temu are struggling to improve amid market competition and...
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Germany Supports Closing Loopholes Favoring Chinese E-commerce Growth
Germany endorses a European Union proposal aimed at tightening the tax exemption rules that have aided the expansion of Chinese e-commerce platforms like Temu and Shein. Currently, packages valued under...
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GKID-Mastercard: the momentum of domestic e-commerce seems to be running out, while Chinese webshops are also conquering Hungary
The GKID-Mastercard Digital Commerce Survey reveals a challenging landscape for domestic e-commerce in Hungary as global competition intensifies. The 2024 edition of the report underscores the slowing momentum in the...
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According to the managing director of MediaMark Hungary, the Temu webshop is tempting with a price advantage, but it cannot build stable customer loyalty in the long term
Gábor Szilágyi, the managing director of MediaMarkt Hungary, warned about the deceptiveness and long-term unsustainability of the price advantage of webshops like Temu, according to a Forbes report. Szilágyi pointed...
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Temu has withdrawn from its aggressive marketing strategy
In recent months, significant changes have taken place in the marketing strategy of the Chinese online store Temu, the impact of which can be felt both on the company’s advertising...
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Temu floods the market with a new strategy
Temu, owned by China’s PDD Holdings, is expanding its marketplace to include sellers with US warehouses to compete with Amazon, reducing delivery times and expanding its product range. Temu, part...
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Temu may receive a fine of up to HUF 780 billion
The Economic Competition Authority (GVH) considers it justified to initiate the competition supervision procedure against the Chinese online store Temu, whose subsidiary in Ireland is being investigated for unfair commercial...
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Temu pulled the handbrake because of a scandalous action
Responding to user concerns, Temu changed the terms of one of its promotional campaigns that originally asked for overly broad personal information. In the campaign launched in Great Britain, the...
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The GVH took action: a competition supervision procedure is launched against Temu
The Economic Competition Authority (GVH) is launching a competition supervision procedure against the European operator of the Temu online marketplace, Whaleco Technology Limited. In recent weeks, GVH has received several...
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New competition from Vinted, Shein, H&M and Temu is coming to the Hungarian market
The online discount product store, ThredUp, expects significant changes in the European market, after it has already gained a serious market for itself in America, The Wall Street Journal reports....
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Hungarians lose their jobs because of Temu
The Hungarian e-commerce market is seriously threatened by the Chinese Temu, which is trying to overrun domestic online stores with dumping prices and aggressive advertising. According to digital marketing experts,...
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Temu is in trouble: Wish was sold for pennies
The Chinese company Qoo10 bought the e-commerce platform Wish, which was valued at 14 billion dollars a few years ago, for only 173 million dollars. The transaction points to the...
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The Hungarian competitors approached the GVH about Temu
At the beginning of February, the online marketplace Temu overtook Alza in terms of customer numbers in Hungary, and only eMAG was able to beat the Chinese competitor. However, due...
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Will Temu displace domestic online stores?
Although the Chinese e-retailer Temu appeared on the domestic market only a few months ago, it has already become one of the dominant players in the domestic e-commerce market thanks...
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Is Temu really engaged in phishing?
The Temu webshop is facing serious new accusations that it engages in phishing activities through its mobile application. Temu, which offers cheap but often shoddy products, came into the spotlight...
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Temu also affects domestic online retail
Temu has exploded the online commerce market and is present almost everywhere with its aggressive marketing strategy. The app quickly became popular in America, and Temu led the way in...
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E-commerce: only one in twenty visitors buys at Shein and Temu
Shein and Temu, the Chinese giants of e-commerce, are growing at a brutal pace, but they do not threaten the market leader in the online retail space, Amazon. Although Shein...
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