Say what you may of Temu, and I do think more vetting of certain goods is a good idea, but they fill a very real need. In the part of Europe where I live, the choice is only between intermediaries for the same products coming from China. The local intermediaries sell a very limited picking at staggering margins. And when it comes to certain things, like electronic components, the choice is between importing (old) Ame…
yes, i'm very in favor of the shift towards direct-to-consumer among chinese retailers, but that might be because i'm not actually all that sympathetic to small business
EU fines Temu €200M for allowing sale of illegal products
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Re: EU fines Temu €200M for allowing sale of illegal products
#172Say what you may of Temu, and I do think more vetting of certain goods is a good idea, but they fill a very real need. In the part of Europe where I live, the choice is only between intermediaries for the same products coming from China. The local intermediaries sell a very limited picking at staggering margins. And when it comes to certain things, like electronic components, the choice is between importing (old) Ame…
yes, i'm very in favor of the shift towards direct-to-consumer among chinese retailers, but that might be because i'm not actually all that sympathetic to small business
Aka like Amazon but with much smaller margins.
The savings would come from the fact sea freight is so much cheaper than air freight.
Re: EU fines Temu €200M for allowing sale of illegal products
#173Re: EU fines Temu €200M for allowing sale of illegal products
#174Re: EU fines Temu €200M for allowing sale of illegal products
#175Say what you may of Temu, and I do think more vetting of certain goods is a good idea, but they fill a very real need. In the part of Europe where I live, the choice is only between intermediaries for the same products coming from China. The local intermediaries sell a very limited picking at staggering margins. And when it comes to certain things, like electronic components, the choice is between importing (old) Ame…
Re: EU fines Temu €200M for allowing sale of illegal products
#176Big corp penny slap on the fingers. I dont this amount will change behaviour or incentive to make larger profit.
I don't understand how €200M can ever be considered a "penny slap".
The average EU salary is €39,808. It's equivalent to a €636 fine. Though this is based on income, not net profit so it's actually more impactful to the average person than to Temu.
Re: EU fines Temu €200M for allowing sale of illegal products
#177Re: EU fines Temu €200M for allowing sale of illegal products
#178Earlier quoted context omitted.
yes, i'm very in favor of the shift towards direct-to-consumer among chinese retailers, but that might be because i'm not actually all that sympathetic to small business
I recently bought some custom-built pool lighting directly from the manufacturer in Ningbo, and I have to say, the sales, delivery, and customer support I received was top notch. Their representatives were fluent in English and competent, the product quality was excellent (yes, I carefully inspected it upon receipt because it's going into water), and the entire process from measurement to delivery was fast and smooth…
Re: EU fines Temu €200M for allowing sale of illegal products
#179Temu also should be fined for predatory marketing. Not sure if laws exist, but dark patterns are everywhere. I try to a avoid Temu, but they have some good traits, too, like quick and convinient shipping.
I bet you never heard of Microsoft or Google.
Re: EU fines Temu €200M for allowing sale of illegal products
#180This news has been circulating on the internet for a long time and it is indeed real, but the question is, if people want to buy something, they will look for alternatives.