The European Commission announced its preliminary assessment that the e-commerce platform Temu failed to cooperate sufficiently with the authorities during an investigation into foreign subsidies. In the formal notification sent to PDD Holdings and its subsidiary WhaleCo Technology, it was stated that certain information, systems, and company records were not made available to investigators during … Continue reading Temu Accused by the EU of Obstructing an Investigation: Fine of Up to 1% of Annual Turnover on the Agenda