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Market
Will Temu reduce its monthly users in the EU by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official user statistics released by Temu or third-party analytics firms
Story
EU Designates Temu as 'Very Large Online Platform' with 45 Million Users Under DSA
May 31, 2024, 11:53 AM
The European Commission has designated Chinese e-commerce marketplace Temu as a 'very large online platform' under the Digital Services Act (DSA). This designation means Temu, which has over 45 million monthly users in the EU, must comply with stricter regulations by the end of September 2024. The new rules, reported by TechCrunch, aim to enhance transparency and accountability, ensuring that large platforms adhere to higher standards of content moderation and user protection. Announced on Friday, Temu joins other platforms like Shein in facing increased scrutiny from the EU.
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No action taken • 33%
Fines imposed • 33%
Operational restrictions imposed • 33%
No significant impact • 33%
Partial withdrawal from some markets • 33%
Complete withdrawal from the EU market • 33%
None • 25%
1-5 companies • 25%
6-10 companies • 25%
More than 10 companies • 25%
