Temu, a fast-growing ecommerce platform known for cheap deals, is making inroads into new markets as its parent firm sets up a base in Dublin, joining a raft of tech giants including Meta and Twitter that have opened offices in the tax-friendly Irish capital.
PDD Holdings, the Dublin-based corporate entity behind Temu, also owns Pinduoduo, which has become one of China’s largest online marketplaces since its launch in 2015 by ex-Google engineer Colin Huang.
From the sound of it, PDD Holdings was created to separate the branding and some of the operational efforts between globally-facing Temu and China-focused Pinduoduo. Prior to Temu’s commencement in 2022, the “princi …
