Temu’s parent company is PDD Holdings, a multinational commerce group headquartered in Dublin, Ireland. PDD Holdings owns Temu and its sister company, Pinduoduo. It’s a little difficult to accurately pin down Temu’s origins.
In a February 2023 SEC 6-K filing, Pinduoduo Inc. changed its name to PDD Holdings in a special resolution. The company also moved its principal executive offices from Shanghai, China, to Dublin, Ireland.
The executive office relocation isn’t necessarily a red flag, as many tech companies — including American ones — move to Ireland because of the country’s low corporate tax rates.
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Temu says the company was founded in Boston in 2022, but the site’s “About Us” page does not mention its parent company, according to The Washington Post. Temu’s Boston office is not a warehouse full of products, but more than likely is the central office that’s connected to Temu’s other offices worldwide.
According to the Boston Globe, Temu chose to set up camp in Boston partially because of its proximity to Canada, where the company recently opened another office.