Indonesia bans Temu over fears Chinese shopping giant will ‘destroy’ local SMEs ...Middle East

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Indonesia bans Temu over fears Chinese shopping giant will ‘destroy’ local SMEs
Indonesia has banned Chinese online marketplace giant Temu to protect its micro, small and medium-sized enterprises from getting “destroyed” and prevent cheap products from flooding the country. Temu, owned by PDD Holdings, directly connects factories in China with consumers in more than 50 countries, such as Malaysia, Thailand and the United States. Indonesian authorities have […] The post Indonesia bans Temu over fears Chinese shopping giant will ‘destroy’ local SMEs appeared first on NY Times News Today.

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