Temu Taps Nasdaq-listed PDD's Global E-Commerce Ecosystem For Quality Products
September 22, 2022 at 22:06 PM EDT
Temu to benefit from PDD's push to help manufacturers create 100 global brands.
New York City, New York Sep 22, 2022 (Issuewire.com) - Temu, the online marketplace dedicated to increasing access to quality products, is set to benefit from sister company PDD's initiative to help manufacturers create global brands and expand internationally.
Nasdaq-listed PDD, which has more than 11 million global suppliers, announced a plan to connect 10,000 manufacturers to global markets and support the creation of 100 international brands.
PDD will provide manufacturers with a comprehensive one-stop service and support, including in the areas of cross-border logistics, after-sales services, and intellectual property rights. The company will also develop a series of training courses to help suppliers learn about doing business in global markets.
"At Temu, our goal is to empower consumers with access to great products at great prices so that more people can enjoy the conveniences and comforts of life. With PDD's international supplier plan, Temu's consumers will benefit from even more choices of quality products by some of the world's top manufacturers," said a Temu spokesperson.
Temu launched its online marketplace in the US in September 2022, offering products across 15 categories from clothing to pet supplies. The company is using its access to the vast sourcing and fulfillment network built up by PDD to create and curate personalized premium quality products for consumers from all walks of life. PDD operates one of the world's largest e-commerce platforms serving close to 900 million customers.
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