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Temu takeover: Chinese e-retailer threatening Kiwi businesses, expert warns

Author
Newstalk ZB,
Publish Date
Thu, 17 Oct 2024, 8:19pm
Temu. Photo / 123rf
Temu. Photo / 123rf

Temu takeover: Chinese e-retailer threatening Kiwi businesses, expert warns

Author
Newstalk ZB,
Publish Date
Thu, 17 Oct 2024, 8:19pm

According to new reports, one in four New Zealand adults have bought something off Temu in the last three months.

The Chinese e-retailer, alongside similar fast-fashion giant Shein, has experienced a significant rise in popularity thanks to cheap prices and free shipping.

NZ Herald business editor at large Liam Dann says this boom in demand is harming traditional retailers, who are experiencing loss in demand during the current economic downturn.

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