Chinese e-commerce marketplace Temu faces stricter EU rules as a ‘very large online platform’

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Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face the European Union’s strictest rules after authorities designated the company a “very large online platform” (VLOP) under the Digital Services Act (DSA).



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Chinese e-commerce marketplace Temu faces stricter EU rules as a ‘very large online platform’


Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face the European Union’s strictest rules after authorities designated the company a “very large online platform” (VLOP) under the Digital Services Act (DSA).



Source link

Disclaimer

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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