
Temu Doubles EU Profits To Nearly $120M With Just Eight Employees
How does a company make nearly $120 million in profit with only eight employees? That’s the question raising eyebrows across Europe. New filings revealed Chinese e-commerce giant Temu more than doubled its EU profits in 2024 — all while paying just $18 million in corporation tax. Temu’s Ireland-based parent, Whaleco Technology, reported revenues of $1.7










