Tag "Temu"
Shein reaches 7.7 billion euros in sales in Europe
Last year, fashion platform Shein generated 7.68 billion euros in sales in Europe. This was an increase of 68 percent, compared to a year earlier. Its profitability has also increased...
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Coordinated European action against Temu
The Consumer Protection Cooperation Network (CPC), which brings together the European Union’s consumer protection authorities, including the Economic Competition Authority (GVH), and the European Commission have decided to take serious...
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Temu and Shein are in trouble
The Vietnamese government has set a deadline for online retailers Shein and Temu to register with local authorities – otherwise they face blocking, the reports Reuters. Chinese platforms are required...
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They want it to be premium, but also sustainable – expectations of the youngest generation
GlobalData’s latest report, “Demographics in Retail and Apparel” – which drew conclusions from the responses of more than 6,000 young people in Germany, France, Spain, Italy, China and the US...
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European Commission demands information from Temu on counterfeits
The European Commission has demanded more information from Temu, as it suspects the Chinese platform of not taking sufficient action against the sale of counterfeit and unsafe products. Temu has...
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Delays and interruptions in parcel delivery: Christmas peak period in danger?
More and more problems are arising in the domestic package delivery market, due to which customers complain about the quality of the services, reports Pénzcentrum. In recent weeks, a number...
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In 2024 the growth of Hungarian e-commerce is already driven by import
This article is available for reading in Trade magazin 2024/10 When we talk about the “Hungarian e-commerce market”, it is important to add what we mean by “market”. A few...
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Temu eclipses Amazon in monthly downloads
A new analysis of download data for the Chinese shopping app Temu reveals it is quickly growing in popularity. The Temu app has been downloaded more than 735 million times...
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New regulations may apply to low-value packages from China
The US government plans to tighten regulations on small-value shipments from China, which could have a major impact on popular online shopping sites such as Shein and Temu, reports the...
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German government develops ‘ecommerce action plan’
German Minister for Economic Affairs and Vice Chancellor Robert Habeck is working on an ecommerce action plan. With this plan, the government aims to create a level playing field between...
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An investigation may be launched against Shein and Temu for dangerous products
The two heads of the US consumer protection authority, Peter Feldman and Douglas Dziak, are urging an investigation into the e-commerce platforms Shein and Temu after finding dangerous baby and...
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Shein sues Temu
The legal battle in the world of e-commerce has taken another turn after Shein sued its rival Temut in the United States. According to a report by CNBC, Shein accuses...
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Dangerous substances have been found in the products of Chinese e-commerce giants
The security risks of products sold by Chinese online giants such as Shein, Temu and AliExpress have once again come under the spotlight. According to the latest investigation by the...
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Turkey increases customs taxes to curb cross-border ecommerce
The Turkish government is implementing drastic tax changes to reduce online consumer orders from foreign online stores. Import duties are set to rise significantly, while the exemption threshold will be...
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Market share of Chinese platforms in Spain reaches 34%
One in three (34 percent) of online purchases in the first half of this year in Spain were placed on Chinese platforms, such as Alibaba, Temu or Shein. The market...
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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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