According to reports on October 27, more than a month after its launch, the average daily GMV of Temu, a cross-border business of Pinduoduo, exceeded 1.5 million US dollars, with nearly 30,000 merchants and SKUs of 300,000-400,000, covering 24 first-level categories.
It is reported that Temu's GMV target before the end of the year is 300 million to 500 million US dollars, and will reach 3 billion US dollars in the next year, which is equivalent to 1/10 of SHEIN's current GMV volume.
It is worth mentioning that Planet Tech learned that Pinduoduo is increasing its overseas business, and its cross-border e-commerce platform Temu, after entering the US market for the first time, surpassed Amazon Shopping on October 18 to top the US App Store free shopping application list.