New online retailer beats out Amazon and Walmart, becomes most downloaded US app: report

South Africa News News

New online retailer beats out Amazon and Walmart, becomes most downloaded US app: report
South Africa Latest News,South Africa Headlines
  • 📰 aldotcom
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Have you ever heard of Temu?

Temu, pronounced “tee-moo,” is a Boston-based online retailer that shares the same owner at Chinese social commerce giant Pinduoduo. The app soared to the top of the charts after a 30-second Super Bowl commercial featuring the tagline, “Shop Like a Billionaire.”

The app runs an online store for a variety of products ranging from home goods to electronics to appliances. “Through the largest stage possible, we want to share with our consumers that they can shop with a sense of freedom because of the price we offer,” a Temu spokesperson said toThe app was launched last year by PDD and, since September, it’s been downloaded 24 million times, racking up more than 11 million monthly active users.

If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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:

aldotcom /  🏆 82. in US

South Africa Latest News, South Africa Headlines

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

Walmart: Watch Your Back, AmazonWalmart: Watch Your Back, AmazonWalmart has spent years sacrificing margins to grow its e-commerce business and compete with Amazon. As JinjLee explains, Walmart is starting to catch up. WSJWhatsNow
Read more »

Breakingviews - Walmart’s ho-hum is the new fabulousBreakingviews - Walmart’s ho-hum is the new fabulousAt Walmart , boring is the new fabulous. The $390 billion retailing giant is a bellwether for consumer spending. So, it would follow that, as wallets become pinched, low growth and slim margins would be cause for concern. But Walmart benefits from being big, established, and, importantly, profitable, and the latter can’t be said for Amazon.com’s retail business. As the shine comes off of technology companies, Walmart’s failures are an afterthought.
Read more »

Walmart’s ho-hum is the new fabulousWalmart’s ho-hum is the new fabulousThe $390 bln retailing giant said its next fiscal year isn’t going to be great. Low growth and slim margins would typically be concerning. But it turns a profit, which can’t be said for Amazon’s retail business. Plus, Walmart doesn’t have tech stink attached to its name.
Read more »

What is Temu? New online store is the most downloaded app in US topping Amazon, WalmartWhat is Temu? New online store is the most downloaded app in US topping Amazon, WalmartThe Boston-based retailer sells everything online, including watches and home goods at low prices, appealing to consumers looking to save money.
Read more »

Walmart Raises Quarterly Dividend 1.8% to $0.57; 1.6% Yield By Investing.comWalmart Raises Quarterly Dividend 1.8% to $0.57; 1.6% Yield By Investing.com⚠️BREAKING: *WALMART SHARES SINK 4% AFTER GIVING DOWNBEAT OUTLOOK DESPITE STRONG HOLIDAY QUARTER - $WMT
Read more »



Render Time: 2025-03-03 01:02:48