Addictive cheap and controversial: the rise of China’s Temu app
Addictive cheap and controversial: the rise of China’s Temu app
Temu’s meteoric growth – and its astronomical marketing budget – has experts asking whether its business model is sustainable
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So they dodge tax, sell things for less than market value, spend billions on advertising, have little regard for law... sound familiar? I guess the real issue is that it's not an established player in this space!
All of these problems are fixable if you're wiling to have your own corporations bound by the same laws. Start by not allowing products to be sold at a loss, making large corps pay the tax they're due, obey the law in regard to data privacy...
By allowing corporations to write the law they've inadvertently allowed foreign players to play them at their own game. This kind of company would not exist in a health market.
By allowing corporations they've allowed foreign players to play them at their own game.
Ftfy