Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 20 (Xinhua) pinduoduo's overseas cross-border e-commerce platform Temu has set a radical GMV target of $30 billion for 2024, which will be no less than twice this year's turnover, according to later LatePost.

Reported that in the past year, Temu let 9% of Americans place orders on its own platform, and its transaction volume in September is close to that of SHEIN, which has been in operation for more than a decade. In addition, Temu attracted 120 million people to browse goods that month, sending an average of 1.6 million parcels a day, most of which were sent to the United States by sea.

According to a Google source, Temu's budget for next year will be much higher than this year, but the exact figures have not yet been determined. Temu is currently in contact with the Super Bowl (widely known as the "American Spring Festival Gala", the annual championship of professional football) to discuss the second cooperation next year.

According to CTOnews.com, citing 36 krypton, Temu sales exceeded $5 billion in the third quarter of this year (currently about 36.1 billion yuan), especially in September, when the one-day GMV reached $80 million (currently about 578 million yuan) on the first anniversary of its launch.

Reported that at this rate, with the arrival of the "Black five" and Christmas, Temu may be able to exceed its annual GMV target of $15 billion (currently about 108.3 billion yuan). (the term "later LatePost" is $14 billion.)

Temu is a cross-border e-commerce platform launched by pinduoduo overseas. It has been launched in a number of overseas markets, including the United States, Canada, Mexico, Australia, the United Kingdom, France, Germany, Italy, as well as Japan and South Korea in Asia. Many of these products are priced at less than 0.90 US dollars or 1 pound, still attracting users at low prices.

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