Source:https:\/\/techcrunch.com\/2023\/05\/03\/temu-pinduoduo-dublin-hq\/<\/a><\/br>
\nTemu accelerates global expansion with parent\u2019s new Dublin office<\/br>
\n2023-05-04 22:26:58<\/br><\/p>\n

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Temu<\/a>, a fast-growing e-commerce platform known for cheap deals, is making inroads into new markets as its parent firm sets up a base in Dublin, joining a raft of tech giants including Meta and Twitter that have opened offices in the tax-friendly Irish capital.<\/p>\n

Semafor<\/a> was the first to notice and report the move to Dublin earlier this week.<\/p>\n

PDD Holdings, the Dublin-based corporate entity behind Temu, also owns Pinduoduo, which has become one of China\u2019s largest online marketplaces since its launch in 2015 by ex-Google engineer Colin Huang.<\/p>\n

From the sound of it, PDD Holdings was created to separate the branding and some of the operational efforts between globally-facing Temu and China-focused Pinduoduo. Prior to Temu\u2019s commencement in 2022, the \u201cprincipal executive offices\u201d that run Pinduoduo were Shanghai-based Pinduoduo Inc<\/a>.<\/p>\n

Pinduoduo is still based out of Shanghai while Temu is headquartered in Boston. Temu\u2019s teams in Boston and Dublin mostly perform functions in tax, marketing and legal matters, according to its employees\u2019 LinkedIn profiles.<\/p>\n

In its annual report published in late April, the Dublin entity was listed as the \u201cprincipal executive offices\u201d of PDD Holdings. The filing didn\u2019t break down Temu\u2019s earnings as the platform didn\u2019t have a \u201cmaterial impact\u201d on the parent\u2019s financial results in 2022\u00a0despite its strong momentum<\/a> in the first few months of its debut.<\/p>\n

At the time of writing, Temu is ranked No.1 in the App Store\u2019s overall category in Australia, Canada, New Zealand, the U.K. and the U.S., according to data analytics firm Data.ai<\/a>.<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/05\/03\/temu-pinduoduo-dublin-hq\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/03\/temu-pinduoduo-dublin-hq\/ Temu accelerates global expansion with parent\u2019s new Dublin office 2023-05-04 22:26:58 Temu, a fast-growing e-commerce platform known for cheap deals, is making inroads into new markets as its parent firm sets up a base in Dublin, joining a raft of tech giants including Meta and Twitter that have opened offices in the tax-friendly Irish […]<\/p>\n","protected":false},"author":1,"featured_media":31076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-31075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n