TEMU Doubles EU Profits to $120M with Lean Team of 8 Employees
In 2024, Temu, a Chinese e-commerce platform, achieved a remarkable feat: it doubled its pre-tax profits in the European Union to nearly $120 million. What makes this achievement even more striking is that the company accomplished this with just eight employees at its Ireland-based headquarters, Whaleco Technology. Despite the minimal workforce, Temu’s revenue soared to…