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Definition: Temu


A popular online shopping site from PDD Holdings that offers a huge variety of low-priced items. Founded in 2022 and headquartered in Boston, products are made in China and shipped directly from suppliers and manufacturers worldwide to customers in more than a dozen countries. Temu is noted for its many extremely inexpensive items. To win discounts, Temu provides a Las Vegas-style spin-the-wheel and also offers free merchandise for referrals. Temu is often contrasted with the Wish website (see Wish).