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A Once-Obscure Chinese Startup Overtakes Shein In US

(Bloomberg) -- This time last year, hardly anyone in the US knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Dro...
United States Brad Skillman Bloomberg Businessweek Bruce Einhorn Apple Inc Bytedance Ltd
Source: yahoo.com

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