- Pinduoduo Inc’s PDD sister company Temu launched its global online shopping marketplace.
- Temu was created with the goal of empowering consumers by giving them access to a broad range of carefully curated products at ultra-competitive prices.
- The marketplace features categories including fashion, beauty and health, home and garden, jewelry and accessories, electronics, shoes and bags, sports and outdoors, pet supplies, office products, and more.
- Temu will share the sourcing and fulfillment capabilities with Pinduoduo.
- The company will offer sitewide discounts with no minimum spending and free shipping on all purchases.
- Temu is available at www.temu.com and for downloading as mobile apps.
- Price Action: PDD shares are trading lower by 2.26% at $69.94 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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