Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Chinese ecommerce giants Temu and Shein have slashed their US spending on advertising platforms, as they wrestle with the end of tax exemptions that have helped them undercut rivals such as Amazon.
Temu cut its spending on platforms including Meta, X and Alphabet’s YouTube by an average of 31 per cent in the two weeks leading to April 13 compared with the previous…
Read the full article here
