Temu’s UK operation doubles revenues and pre-tax profits

Super-budget Chinese retailer reports revenues of $63.3m last year, almost double its $32m in 2023Business live – latest updatesThe UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers snapped up products offered by the super-budget retailer.Temu UK reported revenues of $63.3m (£46.4m) last year, almost double the $32m in 2023, while pre-tax profits similarly surged from $2m to $3.9m, accounts show. Continue reading…Technology | The GuardianRead More