Temu Doubles EU Profit to $120M
The Chinese online e-commerce platform Temu doubled its pre-tax profits in its EU operations. The platform is reaching $120 million, according to its financial statement. Their profits increased 171% in 2024, compared with $44.1 million the year before. One reason:  customers wanted to buy its low-priced products, widely promoted on social media. See more on Theglobaleceonomics

More News

Temu and Shein’s European growth slows down
Around 50 percent of online shoppers in Germany, France, Italy, Spain and the United Kingdom have shopped at Temu or Shein this year. This seems to indicate that the growth of Temu and Shein in Europe is slowing down. The number of buyers has hardly changed compared to last year. Read more on Ecommercenews

La Poste cooperates with Temu
French logistics company La Poste wants to enable flexible delivery options in France and international fulfilment services through a collaboration with Temu. Small retailers in particular are expected to benefit from the new services. Find out more on PostandParcel

Italy wants to slow down Chinese low-cost platforms
Similar to Belgium’s recent move, Italy also wants to take action against cheap competition from China. The aim is to protect the local fashion industry from unfair competition. The plans target Temu and Shein, among others. See more on Reuters

Ulta Beauty launches marketplace business
Ulta Beauty has launched UB Marketplace in the US, expanding the retailer’s product range beyond its traditional beauty lines. The marketplace includes more than 100 brands from categories such as wellness, personal care, luxury, professional tools and global beauty products. See more on Digitalcommerce360

cross border News

Marketplaces generate over €247 billion in cross-border sales
In the 2024/25 financial year, the European cross-border e-commerce market achieved sales of €358.7 billion. 70% or €247.5 billion of which was accounted for by online marketplaces. The top five are Amazon, Temu, eBay, AliExpress and Etsy. Find out more on Ecommercenews

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Der Beitrag Marketplace Universe News 20.10.2025 – Temu Doubles EU Profit / Italy against Shemu / Ulta Beauty launches marketplace business erschien zuerst auf Marketplace Universe.