Temu's Turbulent Times: Turkish Raid Highlights Global Scrutiny

Turkish authorities raided Temu's office over concerns of unfair subsidies, echoing a previous incident in Dublin. Temu, owned by PDD, faces scrutiny over its low-cost Chinese imports, impacting local retailers. Both Turkey and the EU are revising duty-free policies to protect domestic markets.

In a significant development, Turkey's competition authority conducted a raid on Temu's local office, the company informed Reuters. This follows earlier actions in Dublin over suspected unfair Chinese state subsidies.

Contradicting Temu's claims, Turkish authorities stated that no equipment like laptops or computers was actually seized during the raid and insisted that it was a routine inspection rather than a formal investigation.

Temu's rapid expansion, facilitated by duty waivers on low-cost imports, is scrutinized by European retailers. In response, the EU and Turkey have decided to revise duty-free allowances to promote domestic competition and address health concerns associated with these imports.

(With inputs from agencies.)