Hello everyone, this is Cissy from Hong Kong.
Is China’s ecommerce sector on the brink of a sea change? In May, I started to hear from sources that cross-border sellers on Temu were planning to hold demonstrations at the platform’s operational headquarters in the southern city of Guangzhou to protest what they saw as the platform’s unreasonable fines.
Several protests ended up taking place, they said. Initially, photos and video showed only a dozen or so sellers gathered outside Temu’s office building. On Monday last week, there were more than 100 and by this Monday, hundreds of sellers had joined the protest. Dozens of them broke into Temu’s office and demanded the return of the allegedly unfair fines, and Temu asked all of its staff to evacuate the office, according to multiple sources.