Launched on September 1, 2022, Temu (owned by PDD Holdings, the parent company of Pinduoduo) was the most downloaded app in the USA in November, December and January. Up to the beginning of January 2023, it had 16 million downloads. This group buying site is the American version of Pinduoduo.
With inflation at 6.1% in December 2022 in the USA, the model of cutting out a middleman is appealing. On Temu, a pair of Lenovo wireless Bluetooth headphones is priced US$7.59 compared to US$14.49 on...