Temu

Temu Founder Colin Huang Loses $14 Billion in Single Day Amid Share Price Plunge

Colin Huang, the founder of Chinese e-commerce giant PDD Holdings and the online trading platform Temu, has seen his fortune plummet by 14 billion dollars in a single day. Huang, who had briefly held the title of China's richest person, fell to fourth place following a significant 29 percent drop in the value of the company's shares traded in the US.

EU Set to Impose Tariffs on Temu and Shein Goods from China

The European Commission is reportedly gearing up to impose tariffs on inexpensive goods originating from China, as reported by the Financial Times, citing insider sources.

Under current regulations, items valued below 150 euros can enter the EU from non-EU countries duty-free. Goods exceeding this threshold are subject to varying tariff rates depending on their category.

Price Discrepancies Found in Bulgarian Online Stores Reselling from Chinese Sites

Many Bulgarian consumers are raising concerns about the resale of goods from Chinese sites like Temu and Shein at higher prices in Bulgarian physical and electronic stores, according to Gabriela Rumenova from the online platform "We, the consumers." This comes in light of the European Consumer Organization (BEUC) filing a collective complaint to the European Commission against the Chinese platf