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53 new news items in the last 24 hours
11 December 15:50

The Temu headquarters in Dublin was searched by EU authorities due to concerns related to the subsidies granted by China, which provide an unfair advantage to the retailer.

Radu Burcă
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Economy
Foto: profimedia.com
The European headquarters of Temu in Dublin has been searched by the regulatory authorities of the European Union, following concerns about possible subsidies granted by the Chinese state to the online retailer. Temu, a subsidiary of PDD Holding, has attracted attention due to cheap imports from China, which have flooded the European market due to a customs exemption for packages valued under 150 euros. The European Commission intends to eliminate this exemption by the end of next year, and the regulation on foreign subsidies aims to limit unfair competition from subsidized foreign companies. Temu has already been the subject of previous investigations, and the current searches suggest evidence of violations. The retailer has gained global popularity, even prompting Amazon to launch a competing product.

Sources

sursa imagine
Romania TV
Percheziții la sediul Temu din Europa! Autoritățile fac verificări la retailerul chinez
sursa imagine
Economica
Sediul din Dublin al Temu a fost percheziționat de autoritățile de reglementare din UE, firma chineză fiind suspectată că primește subvenții din partea Guvernului de la Beijing
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