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Temu Is Losing Millions of Dollars to Send You Cheap Socks

Friday May 26, 2023. 12:00 PM , from Wired: Cult of Mac
The Chinese shopping app is topping app stores in the US. But it’s burning money and squeezing its suppliers to a breaking point in a bid to take on Amazon.
https://www.wired.com/story/temu-is-losing-millions-of-dollars-to-send-you-cheap-socks/
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