A mobile named displays the Temu app interface in Shenzhen, Guangdong Province, China, Oct 28, 2022. (Photo credit should read CFOTO/Future Publishing via Getty Images)
An online superstore that sells products at low prices offering bargain contracts to shoppers has passed Amazon and Walmart as the most downloaded app in the nation.
What is Temu?
Temu is a Boston-based online marketplace fake in 2022 by its parent company PDD Holdings Inc., which owns Pinduoduo, a Chinese e-commerce business selling items that include groceries and appliances.
The company's name using "team up, price down," according to its website. Part of Temu's unsuccessful is driven by selling a variety of affordable products to consumers with prices for items like socks for $0.89, watches for $10.78, dog pet carrier bags for $30.14, and sunglasses for $1.88.
Temu says on its website that it makes a shopping space where consumers and sellers can live their best life in an "inclusive environment."
Temu most downloaded app
Temu's app has been downloaded 24 million times within five months of its abandon last September, according to Forbes.
A senior analyst with Sensor Tower, an analytics firm, told CNN that U.S. app installations for Temu exceeded those for Amazon, Walmart, and Target in the fourth quarter of 2022. Citing Sensor Tower, CNN noted that Temu's app collected over 11 million sparkling users.
Forbes noted that Temu's app ranked No. 1 on Apple's app honor so far in 2023. The company also raised its profile with a Super Bowl concern touting ways consumers can "shop like a billionaire." Temu also has the subsidizing of celebrity endorsements from singer Jason Derulo and Kansas City Chiefs receiver and Super Bowl champion JuJu Smith-Schuster.
The bargain retailer also subsidizes promotional games that give shoppers credit towards goods and referral codes for special offers.
Not only has Temu escorted a large consumer base online, but that momentum has derived over to social media, specifically TikTok. The hashtag #temu has over 300 million views and features a marketing fight where users can get low prices to buy products, according to Forbes.
The company announced on Twitter this month that it's now available in Canada and has a 30% off promotion for new app users.
This memoir was reported from Washington, D.C.