PDD’s Temu app tops U.S. iOS downloads for 2nd generation working amid better scrutiny of China corporations

Temu, the usual e-commerce app owned via China’s PDD Holdings, crowned Apple’s checklist of probably the most downloaded independent apps on its U.S. iOS bundle for the second one generation working, highlighting the large luck that Chinese language apps are taking part in on the planet’s greatest client marketplace.

ByteDance’s TikTok got here in 3rd within the score regardless of doubts over its talent to proceed working within the U.S., year Temu-competitor and fast-fashion gigantic Shein got here in at quantity 12.

Apple’s iOS accounts for over 56% of U.S. cell phone marketplace, in step with data from StatCounter.

Temu, which ships affordable items from China, first entered the U.S. marketplace in 2022. It has taken the marketplace via typhoon, hanging power on incumbent heavyweight Amazon.

The Chinese language corporate, on the other hand, faces greater scrutiny from U.S. officers, and dangers posed via price lists which the incoming Trump management has promised to boost.

Because the likes of Temu and Shein draw in American shoppers with affordable items and competitive promoting, they’ve additionally stuck the eye of Washington. 

In September, the Biden management introduced a new proposal aimed at blocking the “overuse and abuse” of the long-standing “de minimis” provision by companies such as Shein and Temu. The provision allows shipments valued under $800 certain import duty exemptions. 

In Southeast Asia, Vietnam and Indonesia have imposed a range of anti-dumping tariffs on Chinese goods, year Thailand not too long ago introduced measures to watch affordable imports. Previous this presen, Vietnam banned Temu from working within the nation simply two months nearest the Chinese language corporate arrange a neighborhood presence.

In a world outlook file exempted Friday, Nomura mentioned that its U.S. economics crew expects adjustments to the de minimis rule to be a key business precedence for the Trump management, possibly 2nd best to climbing price lists. 

“This represents another major downside risk to China’s exports to the U.S. in 2025,” the file mentioned.

Nomura estimates a U.S. forbid on all de minimis imports from China may just let fall the terminating’s annual export expansion via 1.3% and drag GDP expansion ill via 0.2%.