Source and analysis: PDD-owned Temu is losing an average of $30 per order and between $588M to $954M per year, as it tries to break into the US market (Tracy Wen Liu/Wired)

Tracy Wen Liu / Wired:
Source and analysis: PDD-owned Temu is losing an average of $30 per order and between $588M to $954M per year, as it tries to break into the US market  —  The Chinese shopping app is topping app stores in the US.  But it’s burning money and squeezing its suppliers to a breaking point in a bid to take on Amazon.