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Temu's Win Over Shein in the US Is Hurting Its Bottom Line

(Bloomberg) Temu’s transformation over the past year is the stuff of business dreams.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastNobody Wants Mutual Funds NowTrump Ally Mike Johnson Becomes Latest GOP House Speaker NomineeBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapChina Ousts Defense Minister, Ending Mystery Over His StatusVirtually unknown when it launched in the US last September, it’s now well and truly trumped industry giant Shei ....

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