Temu is the latest addition to the Nasdaq-listed PDD Group (Nasdaq: PDD), which has built up an international supply network that hosts some of the most renowned manufacturers of various brands and consumer goods in the market. The supply network includes over 11 million manufacturers and suppliers, and has successfully fulfilled 61 billion orders in just 2021 alone. These manufacturers apply advanced production technologies to develop goods cost-effectively, without sacrificing the quality of the finished products. These savings are passed onto consumers through Temu as the online marketplace redefines the convenience of online shopping. Temu is able to utilize the e-commerce network to provide quality products and services to its consumers on a global scale. Being part of this massive supply chain allows Temu to bring access to a wide range of international goods to the market – and at a wholesale price! Consumers are able to buy at wholesale prices anytime, anywhere, and at any quantity.
How Does Temu Combine Wholesale and Retail?
Temu is making rounds online, being known as the marketplace to shop in for high-quality products at bargain prices. Unlike traditional retail shops, Temu is not bound by physical space, and can therefore procure hundreds of new listings each day. Users can always look forward to new items, clothing, and supplies in the site as Temu expands its catalog! Temu is advancing the Consumer-to-Manufacturer (C2M) business model, which allows manufacturers to tailor-make products to consumer preferences, resulting in hit products that are in demand by consumers. As the platform continues to introduce distinctive products to the market, manufacturers gain a sense of the trends and preferences of the market, enabling them to develop products that consumers want. However, unlike wholesalers, Temu does not require its users to buy in bulk to get a bargain, and instead applies wholesale prices to its retail shopping platform! This is how Temu is able to merge wholesale and retail: by allowing consumers to purchase directly from manufacturers, the platform removes the need for intermediaries, slashing the prices down to wholesale level, while maintaining the retail aspect of online shopping for consumers. There is no end to the products listed in Temu, and users can browse through personalized recommendations to find products that pique their interests. Temu currently offers 100 categories to pick from, ranging from fashion and clothing, to office supplies and industrial goods. Check out the full Temu product range on its website, and sign up to get exclusive deals and discount vouchers meant for new users. Download the app on your mobile device for on-the-go shopping. With Temu, online shopping can be made even more convenient as the platform brings quality goods at your fingertips!
