Brief: Temu Responds To European Commission Statement Of Grounds Under Foreign Subsidies Regulation

PDD Holdings

01/08/2026 09:49

Aug 1 (Reuters) - 
TEMU: RESPONDS TO EUROPEAN COMMISSION STATEMENT OF GROUNDS UNDER FOREIGN SUBSIDIES REGULATION
TEMU - TEMU DOES NOT AGREE WITH COMMISSION'S PRELIMINARY FINDINGS IN ITS STATEMENT OF GROUNDS
TEMU: WILL ANALYZE AND RESPOND TO STATEMENT OF GROUNDS AND TRUST COMMISSION WILL RECONSIDER ITS POSITION
TEMU - TEMU COOPERATED FULLY AND COMPLIED WITH ALL REQUESTS COMMISSION MADE DURING INSPECTION
TEMU: ALSO CATEGORICALLY DENIES HAVING RECEIVED ANY FOREIGN SUBSIDIES THAT DISTORT INTERNAL MARKET.
TEMU: GENERATES SUSTAINED CASH FLOWS FROM ITS OWN OPERATING ACTIVITIES THAT ARE SUFFICIENT TO FUND TEMU'S OPERATIONS IN EU
TEMU - WE DO NOT NEED TO COUNT ON "FOREIGN SUBSIDIES" TO FUND ANY COMPETITIVE ACTIVITIES OR TO CREATE ANY COMPETITIVE ADVANTAGE IN INTERNAL MARKET
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