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

Lucian Nemoiu

Online marketplace paid just $18m in corporation tax, leading campaigners to call for government action Online marketplace paid just $18m in corporation tax, leading campaigners to call for government action The Chinese online marketplace Temu’s EU operations more than doubled pre-tax profits last year to just below $120m (£90m) despite employing just eight people, accounts show. They rose 171% in the 12 months to December 2024 compared with the $44.1m the year before, as shoppers snapped up

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