BusinessTechCrunch
Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing the Chinese-owned ultra low-cost e-commerce platform of a raft of breaches related to the bloc's Digital Services Act (DSA). Temu only launched in the region about a year ago but recently reported blasting past 75 million monthly users. For some reference, Temu's parent Pinduoduo reported revenues of nearly $35 billion for 2023, nearly double on the year prior; Temu was estimated to account for about 23% of that amount last year.