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Temu’s daily U.S. users down 58% in May, Reuters reports

Daily U.S. users of PDD Holdings (PDD)’ Temu fell 58% in May, Casey Hall and Arriana McLymore of Reuters report, citing data from market intelligence firm Sensor Tower. The U.S. closed the “de minimis” loophole on May 2, and Temu then slashed its U.S. ad spending, the report notes.

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