Temu defends EU operations as regulatory scrutiny mounts

Temu has denied receiving foreign subsidies that gave it an unfair advantage in Europe, pushing back after the European Commission accused the online retailer of failing to cooperate fully during an inspection at its European headquarters.  The Commission sent a Statement of Grounds to Temu’s parent company PDD Holdings and its subsidiary WhaleCo Technology Limited following an unannounced inspection at WhaleCo’s premises in Dublin between December […]