The Ministry of Industry and Trade asked Temu to cease sales in the country until a licensing process is completed, state media reported Thursday.
Related Posts
JD Sports Expects Profit at Lower End of Guidance
The sneaker and fashion retailer trimmed its outlook after alerting of trading volatility due to higher promotional activity and mild weather in key markets.
Uniqlo Owner Raises Profit View
The Japanese owner of the Uniqlo clothing brand said fiscal-year profit is forecast to rise 23% on strong overseas growth and the yen’s depreciation.
Jeff Bezos’ Amazon Plans to Donate $1 Million to Trump’s Inauguration
Tech leaders are striving to shore up ties with the incoming administration.