Temu

Consumer confidence is rebounding in Europe, leading to a surge in online shopping this year, according to Ecommerce Europe, as reported by Reuters. This resurgence is partly attributed to increased competition from budget-friendly online marketplaces like PDD Holdings' Temu, which are appealing to cost-conscious shoppers.

Shein and Temu, two Chinese e-commerce giants, are the targets of a proposed investigation by the United States government into the sale of “deadly products for babies and toddlers.”

Colin Huang, the founder of Chinese e-commerce giant PDD Holdings and the online trading platform Temu, has seen his fortune plummet by 14 billion dollars in a single day. Huang, who had briefly held the title of China's richest person, fell to fourth place following a significant 29 percent drop in the value of the company's shares traded in the US.

A new era in real estate sales will commence next month as the Trade Ministry implements a new regulation for listings posted by real estate agents to be officially verified starting Sept. 15, aiming to combat fraudulent advertisements.

The ruling Justice and Development Party's (AKP) new draft law, which stipulates the introduction of export incentives for e-commerce and includes provisions to protect consumers, has been approved by the Parliamentary Industry and Trade Commission.

The European Commission is reportedly gearing up to impose tariffs on inexpensive goods originating from China, as reported by the Financial Times, citing insider sources.

Under current regulations, items valued below 150 euros can enter the EU from non-EU countries duty-free. Goods exceeding this threshold are subject to varying tariff rates depending on their category.

Many Bulgarian consumers are raising concerns about the resale of goods from Chinese sites like Temu and Shein at higher prices in Bulgarian physical and electronic stores, according to Gabriela Rumenova from the online platform "We, the consumers." This comes in light of the European Consumer Organization (BEUC) filing a collective complaint to the European Commission against the Chinese platf