US EditionGerman cartel office investigating Temu over merchant price influencing
Germany's Federal Cartel Office probes whether Temu imposes unfair pricing conditions on merchants amid rapid revenue growth and over 19 million active German users, officials said.
- On Wednesday, Germany's Federal Cartel Office opened formal proceedings into Temu's operations targeting EU parent Whaleco Technology Limited, based in Dublin, Ireland.
- The office said it will examine conditions for traders and the company's treatment of suppliers on Temu's platform and accused Temu of breaching EU laws by failing to tackle illegal sales.
- Temu has 19.3 million active users in Germany and more than 100 million monthly European users, and its platform offering a wide variety of products has been open to German merchants for about a year.
- Temu said it adheres to laws, and an emailed statement read, `We are confident that any related concerns can be successfully resolved,` while Andreas Mundt warned such actions `could constitute significant restrictions of competition and ultimately lead to price increases on other sales channels.`
- After a European Commission inquiry in July this year, EU scrutiny intensified as experts say Temu's revenues spiked sharply in 2024 with annual turnover estimates between $30 billion and $70 billion.
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32 Articles
The Federal Cartel Office investigates the pricing of the Chinese low-cost platform "Temu".
The Federal Anti-Fraud Office of German cartels announced the launch of an investigation on the Chinese online trade platform with a reduction theme.com, suspecting that it influences the prices practiced by traders. The website is the fastest platform for this type of growth in the world, writes Deutsche Welle.
The online market place Temu is popular among consumers and yet controversial. It is now being targeted by the German competition guardians.
The Federal Cartel Office has initiated proceedings against the company behind the online market place Temu. The authority checks whether it has made inadmissible specifications for the pricing of the dealers on the German marketplace.[more]]>
Germany investigating Temu on price-fixing suspicions
Germany's competition watchdog has announced an investigation of Chinese discount online retail site temu.com, suspecting it of influencing retailers' prices. The site is the fastest-growing of its kind in the world.
The German competition guardians have opened a case against Temu. They check, among other things, whether the platform prescribes to the dealers the prices at which they are allowed to offer goods.
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