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Temu, a Shein imitator, lands in the US. Will it be able to stir up the market?

Thanks to the strong supply chain resources of its parent Pinduoduo, Temu can offer jaw-droppingly prices, even lower than Shein. ....

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Pinduoduo CEO Chen Lei On Why It Doesn't Take a Genius To Run the Consumer Internet Giant

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Entrepreneur contributors are their own.
When Chen Lei strode onstage to receive his gold medal at the 1996 International Olympiad in Informatics, held that year in Veszprem, Hungary, it should be the happiest day of his life.
After all, he had just won top honors at the most prestigious computer science competition in the world for secondary school students. Instead, the teenager from China felt a sense of emptiness precisely because he had trumped many other competitors on the way to the podium.
Chen would go on to study computer science at the prestigious Tsinghua University and obtain a Ph.D. from the University of Wisconsin-Madison. Now 41, Chen was appointed Chairman of Pinduoduo this month, adding to his role as CEO of one of the world’s fastest-growing consumer Internet companies. He replaces founder Colin Huang, who has stepped back from the company to pursue research in the food and life sciences. ....

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Pinduoduo steals Alibaba's crown with 788M annual active users – TechCrunch

Pinduoduo steals Alibaba's crown with 788M annual active users – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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