Who has not purchased something from the famous Temu application? This Chinese app has taken over social media by flooding them with its advertising.
Adding more and more users not only in the United States, but in the world. At the beginning of the year the online giant made sure the entire world knew about it with multiple commercials during the Super Bowl. This was broadcasted six times in the prime time of the most important sporting event of the year.
The commercial had a potential cost of $21 million, in addition to the $10 million in gifts the platform gave out that day.
While trying to seduce a huge audience to “shop like a billionaire.” However, its landing in the country has also opened the debate and has made users wonder about the security of their data and, above all, the quality of its products.
Temu: Virtual Store
It is worth emphasizing that Temu is a virtual store and quoting the company’s description of itself: “ The Temu shopping center is available at www.temu.com and through mobile applications. It offers a wide range of quality products in 29 categories, including men’s and women’s clothing, beauty and health, home and kitchen, sports and outdoors, home appliances, tools and home improvement, pet supplies and toys and games, among others .”
The Temu virtual store is officially incorporated in Delaware. Headquartered in Boston, although owned by global trading group PDD Holdings .
This was founded by Chinese billionaire Colin Huang, 43 years old. It is the sister site of national e-commerce platform Pinduoduo and its joint parent, PDD Holdings . Which was founded in 2015 and moved its headquarters to Dublin, Ireland, in 2023.
Late last year, PDD Holding ‘s market capitalization surpassed that of Chinese giant Alibaba , making PDD the most valuable Chinese company listed in the United States.