Temu’s Push Into America Pays Off Big Time for Meta and Google

00:00

00:00/00:00

Listen to this article 1x

Temu goods bound for overseas sit at Shanghai Pudong International Airport on Jan. 19.

Subscribe to a bundle to unlock all coverage by Caixin Global and the WSJ.

By Dana Mattioli, Suzanne Vranica and Miles Kruppa

(The Wall Street Journal) — Meta Platforms’ top advertiser by revenue in 2023 was the e-commerce company Temu, an upstart discounter founded in China that has emerged as an increasingly potent force in American business.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: China Rolls Out Subsidized Consumer Loans to Boost Spending