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 $1.7 billion, up from $758 million the previous year, driven by strong demand for its low-cost products promoted on social media.
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