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China’s ultracheap e-commerce app, Temu, took the world by storm, topping download charts in 2023 and 2024. Now, the very tactics that fueled its rise are becoming its biggest problem.
On January 21, Turkish competition authorities raided Temu’s office in Istanbul, as part of an antitrust investigation. This was just weeks after European Union regulators raided Temu’s headquarters in Dublin, probing whether the company benefits from unfair Chinese state subsidies. In Poland,
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China’s ultracheap e-commerce app, Temu, took the world by storm, topping download charts in 2023 and 2024. Now, the very tactics that fueled its rise are becoming its biggest problem.
On January 21, Turkish competition authorities raided Temu’s office in Istanbul, as part of an antitrust investigation. This was just weeks after European Union regulators raided Temu’s headquarters in Dublin, probing whether the company benefits from unfair Chinese state subsidies. In Poland,
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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