Temu Spokesperson On Biden Administration Moving To Curb Low-Value Shipments Says Co's Growth Does Not Depend On The De Minimis Policy; Says "We Are Reviewing The New Rule Proposals And Remain Committed To Delivering Value To Consumers"
Portfolio Pulse from Benzinga Newsdesk
Temu, a company potentially linked to PDD Holdings, states that its growth is not reliant on the de minimis policy, despite the Biden administration's move to curb low-value shipments. Temu is reviewing new rule proposals and remains committed to consumer value.
September 13, 2024 | 2:09 pm
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Temu, potentially linked to PDD Holdings, claims its growth isn't dependent on the de minimis policy, despite new regulatory proposals by the Biden administration. The company is reviewing these proposals.
Temu's statement suggests that the regulatory changes may not significantly impact its operations, implying stability for PDD. However, the review of new rules indicates potential adjustments may be needed.
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