German cartel office investigating Temu over merchant price influencing

Germany’s cartel office has launched an investigation into Temu over concerns that the Chinese discount ecommerce platform may be influencing merchants’ pricing on its German marketplace. Office president Andreas Mundt said the probe will examine ...

Agencies
Germany's cartel office has initiated proceedings into Temu to examine whether the Chinese discount ecommerce platform is influencing merchants' pricing, it said on Wednesday.

"We are investigating the suspicion that Temu could impose inadmissible requirements on merchants' pricing on the German marketplace," said office president Andreas Mundt.

"Such requirements could constitute significant restrictions of competition and ultimately lead to price increases on other sales channels," he added.


The proceedings have been opened against Dublin-based Whaleco Technology Limited, which operates as Temu in Germany.

Temu's platform, offering a wide variety of products, has been open to German merchants for about a year, said Mundt.

Temu currently has 19.3 million active users in Germany, while more than 100 million users use its European online marketplace every month, according to the office.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › German cartel office investigating Temu over merchant price influencing
Text Size:AAA
Success
This article has been saved

*

+