Temu is owned and operated by PDD Holdings, a multinational commerce group that is registered in the Cayman Islands, with Dublin also listed as its principal location. This ownership links Temu closely with the well-known Chinese e-commerce company Pinduoduo, which is also under the umbrella of PDD Holdings.

Temu is officially incorporated in Delaware and is headquartered in Boston. The rapid growth of Temu as a discount e-commerce marketplace can be attributed to various factors, including its low pricing strategies which have attracted consumers primarily in the United States.

Colin Huang, the founder of PDD Holdings, has made headlines recently by being named China's richest man, further emphasizing the significant financial success of both PDD Holdings and its owned platforms like Temu. Although Huang stepped down as chairman of PDD Holdings in March 2021, he remains a major shareholder in the company.

For more detailed information, you can explore the following links:

• Wikipedia on Temu
• Forbes article on Temu
• Motley Fool on who owns Temu
• CNN coverage on PDD Holdings and Temu
• Euronews article on Colin Huang
• Time article on Temu apps
• Fortune article on Colin Huang's ranking

Sources

Temu - Wikipedia7 Things To Know About Temu Before You 'Shop Like A Billionaire'Which Company Owns Temu? | The Motley FoolPinduoduo: Americans are flocking to Temu and making its Chinese ...Temu's billionaire owner takes the top spot in China's rich listThe Truth About Temu, the Most Downloaded New App in AmericaTemu founder Colin Huang is no longer China's richest man - Fortune

Related Questions

Is Temu a Chinese company?

Is Temu a trustworthy site?

Why is Temu so cheap?

What is the Temu controversy?