Temu's sister company, Pinduoduo, is known for having an exceptionally intense workplace culture, Bernstein analysts wrote in a note published this week.Pinduoduo, launched Temu in the US in September 2022The Bernstein analysts wrote in their report that Temu's performance has been far exceeding their expectations, reaching an estimated $13 billion in gross merchandise value for this year, double what they had forecast in January.
"We doubt PDD's hyper-aggressive workplace culture will [win] many best employer awards — its brand of '996' can often be more like '9127,' and staff turnover is known to be high," they wrote."But the combination of a very lean organizational structure and the fact PDD has staffed its A-team on Temu means we expect the company to be a force to be reckoned with globally in the coming years.