Sensor Tower: Pinduoduo's marketplace Temu app had 10.8M US installations since September 1 and became the most downloaded US app from November 1 to December 14
Temu, a marketplace with deep discounts and copious coupons, has become the most downloaded mobile app in the U.S. — Copy Link
When Kathy Benetti first went on Temu, she wasn't planning to splurge. But as she browsed the site, she was struck by the low prices. Before she knew it, she had 14 items in her shopping cart totaling $90. Sounds familiar? https://www.wsj.com/...
@shenlulushen Geopolitics and pandemic-era logistical snafus have spurred U.S. companies to lessen their reliance on China. Many have moved some production elsewhere. Still, Temu's rise suggests selling inexpensive, made-in-China products to American consumers has legs. https://w…
@shenlulushen Temu initially made no mention of Pinduoduo. It now acknowledges its Shanghai parent, though Temu says it started in Boston, sources products globally and runs its U.S. business through a Delaware company. A Singapore entity works with non-U.S. customers. https://ww…