China's Temu vendors protest over penalty policy

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BEIJING - Hundreds of Chinese sellers on Temu have protested against what they call unbearably high penalties imposed by the firm, one of the merchants involved in the protest told Reuters, a fresh sign of tough price competition with low-cost rival Shein.

My estimate was I would need to pay a fine of 110,000 yuan (US$15,231), but when I got the number, it was 290,000 yuan," she said, adding her items sell at just 20 or 30 yuan each and she was not yet making enough profit to pay her fines.

Penny, another vendor from Guangzhou who protested on Monday, said she cannot still quit Temu.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaHong KongUnited States

Topics: Vendors Guangzhou Temu Garment Merchants Yuan Shein Seller Fines Adding Penalties

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 16:02:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21870949

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