US EditionTemu's Dublin office raided by EU regulators
The EU is investigating Temu for possible Chinese state subsidies that may violate the Foreign Subsidies Regulation, with the company having over 116 million monthly EU users.
- Last week, EU regulators raided Temu's European headquarters in Dublin over potential Chinese state subsidies to the PDD Holdings subsidiary.
- The European Commission's Foreign Subsidies Regulation targets unfair foreign aid, and a Commission spokesperson confirmed an unannounced inspection under the FSR without naming the firm.
- Since its US launch in September 2022, Temu has attracted tens of millions worldwide, including over 116 million average monthly users in the European Union, selling very low-priced goods with the tagline `shop like a billionaire`.
- The Commission can impose fines up to 10 per cent of annual aggregated turnover, and the EU executive plans to scrap the low‑value parcel duty exemption by the end of next year.
- A person familiar told reporters on Wednesday that the raid occurred, and Temu did not immediately respond to requests for comment; its goods are packaged at factories in Guangzhou, China.
27 Articles
27 Articles
Europe escalates scrutiny of Chinese firms over unfair state subsidies
Europe is escalating scrutiny of Chinese firms over concerns they are receiving unfair state subsidies.EU regulators reportedly raided e-commerce giant Temu’s Irish offices, and opened an in-depth probe into airport scanner maker Nuctech. Both are suspected of receiving support from Beijing that makes it hard for European companies to compete. Brussels has also probed China’s EV sector over the same issue; the two sides resumed negotiations over…
EU Raids Temu’s Dublin Headquarters
EU regulators have raided the Dublin headquarters of Chinese online retailer Temu, investigating potential breaches of foreign subsidy rules. The unannounced inspection targets concerns that the company may have received state support giving it an unfair competitive advantage in the European market. Temu—which entered the European Union-wide market in 2023 and now counts roughly 116 million monthly customers/users across the bloc—has already fa…
"We can confirm that the Commission has carried out an unannounced inspection at the headquarters of an active company in the EU electronic commerce sector, on the basis of the Regulation on Foreign Grants," said a spokesman to the Commission, quoted by Reuters.The Commission did not appoint the company and did not specify its place of perpetuation.Temu did not immediately respond to comments.
The European Commission carried out a surprise inspection at the Temu headquarters in Dublin. According to European officials who spoke with the Financial Times, the inspection took place last week with the aim of verifying whether the PDD Holdings company received illegal subsidies. If that were true, Temu would have violated the European regulation on foreign subsidies. In recent years, the Chinese giant of the e-commerce has made hundreds of …
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