Temu growth slows in U.S., market share at 3.4%

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Artur Stańczuk
September 15, 2024
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Summary:

Temu's U.S. sales growth decelerated to 37% in August, down from 45% in July. Despite a slight market share gain to 3.4%, DAUs fell 17%. Bank of America cites plateauing sales and tough comparisons, along with challenges from parent Pinduoduo.

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