Failure of Chinese giant in competitive Vietnam market


— Reuters

HANOI: The Chinese eCommerce platform Temu has been told to suspend its operations in Vietnam following its failure to meet an end-November deadline for business registration.

The Industry and Trade’s Ministry Department of eCommerce and Digital Economy said it had asked Temu’s owner – Elementary Innovation Pte Ltd – to perform several measures to comply with Vietnam’s regulations for eCommerce.

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Temu , eCommerce , PDD Holdings

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