Temu is not a publicly traded company, which means that you cannot invest directly in Temu like you would in Apple or Tesla, for example. However, as a part of the larger e-commerce parent company Pinduoduo (PDD), there are ways to gain market exposure to Temu indirectly.Temu was founded in September 2022. The online marketplace was first launched in the US and expanded into new markets in 2023, which included countries like the UK, Australia, New Zealand, Spain, Italy, and France. After the initial expansion, the company entered the Latin American market as well.In this article, we are going to answer how to buy Temu stock, examine different ways in which you can gain exposure to the company, and examine its business metrics.Temu is an online marketplace that offers a wide variety of products at heavily discounted prices. It is operated by PDD Holdings (NASDAQ: PDD), a Chinese e-commerce company based in Ireland. Temu is known for its low prices and its aggressive marketing tactics, which have led to it being downloaded millions of times.Since its launch in September 2022, the Temu app has been downloaded over 300 million times. Source: StatistaTemu has seen explosive growth since its launch, as indicated by the number of downloads for its mobile app over the past year. According to Statista, the app has been downloaded 235.9 million times between September 2022 and October 2023. The app occupied the No. 1 spot on both Google’s and Apple’s app stores for months.The company’s business model is focused on providing low-cost consumer goods from Chinese manufacturers directly to consumers. To that end, Temu has been running extensive ad campaigns on social media platforms like Facebook and Instagram.There’s been some controversy surrounding the company, including false product advertising, delivery of expired and outdated items as well as low-quality goods, and poor customer service.There are currently no plans or a timeline for a potential Temu IPO. However, PDD. Temu’s parent company, could decide to spin off the online marketplace into a separate company, which could be listed on the stock market eventually.It is worth noting that Temu is a sister company of a publicly traded PDD, which is trading on the Nasdaq stock exchange. PDD went public in 2018 at $19 per share price. In total, $1.63 billion worth of PDD stocks were sold to investors, making it the second-largest IPO of a Chinese company in the U.S.There is currently no way to buy Temu stock, as the company is a part of the PDD corporation and not listed on any exchange. However, you could still get exposure to Temu by buying PDD holdings.PDD is a Tencent-backed Chinese e-commerce company that has been posting strong business results ever since it entered the US market in 2018. The company’s revenue increased from $14.7 billion in 2020 to $18.9 billion in 2022, which is growth of 28.5%. In 2023, the company brought in $35 billion in revenue, growing 85% YoY. The company’s operating profit in 2023 was $8 billion. PDD stock price saw a massive increase in line with the company’s business metrics, displaying 77.8% price growth in the last year. At the moment, PDD has a market capitalization of $157 billion, which is good for the 78th place on the list of the largest publicly traded companies in the world. There’s currently no information about a potential Temu stock symbol. There’s no Temu stock price, at least not in the realm of public stock markets.No, Temu is not on the stock market as it is a part of the larger PDD company and is not publicly traded.Founded in mid-2022, Temu has been a success story for its parent company PDD. The Temu app has been downloaded over 239 million times, and the marketplace has been steadily chipping away at the market share of ts main competitors, Ali Baba and Shein.Unfortunately, there’s currently no way to invest in Temu. You can, however, gain indirect exposure to Temu by investing in PDD, its Chinese parent company.If you want to read more about successful private companies that might consider going public in the future, check out the following articles:
