Temu’s daily users in the US reduced by 50 percent after the closure of the ‘de minimis’ loophole
In May, daily users of PDD Holdings’ discount e-commerce platform Temu dropped by 58%, as reported by the market intelligence firm Sensor Tower. This decline is seen as one of the challenges the retailer is facing amid ongoing US-China trade tensions. Following the White House’s decision on May 2 to terminate the “De Minimis” policy, […]