China-based e-commerce platform Temuhas managed to become popular worldwide with the products it offers at affordable prices. We have seen it attract a lot of attention in Turkey as well. However, the recent customs tax decision started to limit the purchases from Temu.

Now, data has been revealed to us about how much money Temu makes. The platform’s parent company, PDD Holdings, announced its profits for the past three months. Although the company generated high revenues, they fell short of expectations. However, it must be said that it has achieved serious growth.

Temu’s owner earned $13.64 billion in revenue over the past three months

According to the financial data shared by PDD Holdings, the Chinese company $13.64 billion in revenue managed to get it. However, this amount was below the expectations of $14 billion. Still, they come annual experienced a huge growth of 86%.

Weak consumer spending has negatively impacted the company’s operations on its local platform Pinduoduo in China, causing it to fall short of expectations. Consumers in China are cutting back on spending due to factors such as economic conditions and unemployment, which are among the reasons why incomes are falling short of expectations.

Unfortunately, there is no detailed information about Temu. However, we can say that this is the most important growth factor. Temu has become popular all over the world in recent months. We can say that it played a big role in the company’s profit of $13.64 billion. from PDD Online sales services revenue rose 29% to $6.76 billion It is also necessary to add.