‘It’s squeezing us out of the market’: Temu has taken e-commerce by storm—but sellers say they’re paying for those low prices
As the days wound down to Christmas, Wenkang Cai was upset about a festive decorative ribbon that Temu wouldn’t approve for sale because the website argued the price could be lower. “I submitted a quote for 4 RMB ($0.56) and the platform squeezed the price down to 1.96 RMB ($0.28), though I managed to negotiate … Read more