China’s Temu more than doubles EU profits to nearly $120m despite having only eight staff

The GuardianMonday, October 13, 2025 at 5:07:50 PM
China’s Temu more than doubles EU profits to nearly $120m despite having only eight staff
Temu, the Chinese online marketplace, has seen its EU profits soar to nearly $120 million, more than doubling from the previous year, despite having only eight employees. This impressive growth, driven by the popularity of its low-cost goods on social media, highlights the potential of e-commerce platforms in the European market. However, the company paid just $18 million in corporation tax, prompting calls from campaigners for government action to ensure fair taxation in the digital economy.
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