A look at Temu’s murky business model

  • 📰 FT
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The finances of Temu’s parent company are shrouded in secrecy

Instagram overtook TikTok in new app downloads last year, US President Joe Biden announced a plan to set up a port on the coast of Gaza to help facilitate aid delivery to the enclave, and a huge corruption case in Vietnam has captured the country’s attention. Plus, the FT’s Dan McCrum unpacks the mystery behind how Temu took over the retail world.

Credit: Temu Mentioned in this podcast: Trial begins for Vietnamese property tycoon accused of $12bn fraud The mysterious rise of the Chinese ecommerce giant behind Temu US plans to establish port on Gaza coast to step up aid deliveries Instagram overtakes TikTok in app downloads in race for new users The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 113. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Moon mission that represents a new business model for spaceAlso on the daily podcast: a decade since the revolution that presaged Ukraine’s war and the changes to come in British obituaries
Source: TheEconomist - 🏆 6. / 92 Read more »