This has been a long time coming: In March, Temu first invited sellers to their US platform, moving slightly away from their factory-to-consumer model to tentativley open towards a more traditional marketplace model. From then on, US based sellers can list their products on Temu, sending orders from their own warehouses. Now, Temu has brought this new approach to Europe.
ebay achieved a turnover of 2.57 billion US dollars in the second quarter, exceeding analysts’ expectations. In particular, the sale of refurbished products as well as car parts and accessories ensured good business.
TikTok Shop launches in Spain and Ireland in October. This is the result of talks between Tiktok’s parent company ByteDance and local retailers and creator agencies. Other European countries could follow next year.
What news: Shemu now has over 180 million monthly users in the EU.What’s the story behind the rise of Shemu – our new term for the succesful Chinese players Shein and Temu.
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