Temu’s UK operation doubles revenues and pre-tax profits

<p>Super-budget Chinese retailer reports revenues of $63.3m last year, almost double the $32m in 2023</p><p>The UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers snapped up products offered by <a href="https://www.theguardian.com/world/2023/oct/06/addictive-absurdly-cheap-and-controversial-the-rise-of-chinas-temu-app">the super-budget retailer</a>.</p><p>Temu UK reported revenues of $63.3m (£46.4m) last year, almost double the $32m in 2023, while pre-tax profits similarly surged from $2m to $3.9m, accounts show.</p> <a href="https://www.theguardian.com/technology/2025/sep/17/temus-uk-operation-doubles-revenues-and-pre-tax-profits">Continue reading...</a>