Temu is back in the headlines over rising scrutiny on its pricing, data, and seller practices. Owned by Colin Huang’s PDD Holdings, it’s the ultra-cheap app reshaping online shopping.
European Parliament members visited China to discuss safety concerns over Chinese e-commerce platforms and the high volume of unsafe products entering the EU. The trip follows the EU's recent overhaul of customs rules targeting illegal goods, especially from China, to improve market access and consumer protection.
The European Commission has fined Temu €200 million under the Digital Services Act for failing to assess systemic risks and for selling unsafe products, including baby toys and chargers. Temu must submit an action plan by Aug. 28 and may appeal; the case marks a major enforcement milestone for online marketplaces in the EU.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.