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
Latest News
23:03
The spokesperson for the Kremlin, Dmitri Peskov, states that a summit between Putin, Trump, and Zelensky would only take place to formalize complex agreements.
22:43
Radu Miruță states that there is no information about the withdrawal of American soldiers from Romania, but on the contrary, their numbers have increased in the last year.
22:25
Ilie Bolojan congratulated the Romanian rowing team for the gold medal won in the 8+1 mixed event at the World Championship in Amsterdam.
22:01
NASA is launching the new space telescope, named after the first woman in a leadership position at the agency
21:30
Gabriela Ruse was defeated in the first round of the US Open by Jessica Pegula, ranked 3rd in WTA, with 6-3, 6-2
See more news