- Pinduoduo Inc PDD sister company Temu launched its global online shopping marketplace.
- Temu was founded with the aim of empowering consumers by giving them access to a wide range of carefully selected products at highly competitive prices.
- The marketplace features categories such as fashion, beauty and health, home and garden, jewelry and accessories, electronics, shoes and bags, sports and outdoors, pet supplies, office products, and more.
- Temu will share sourcing and fulfillment capabilities with Pinduoduo.
- The enterprise will offer sitewide discounts with no minimum spend and free shipping on all purchases.
- Temu is available at www.temu.com and downloadable as mobile apps.
- Price promotion: PDD shares are trading down 2.26% at $69.94 on the latest check Tuesday premarket.
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