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Chinese fast-fashion e-commerce retailers Temu and Shein have been ordered by EU tech regulators to provide details on their compliance with EU online content rules by July 12. This directive, reported by Reuters, aims to ensure that both companies adhere to regulations governing online content within the European Union. Temu's parent company, $PDD, saw a pre-market increase of 0.7% following the news.
Temu, Shein must give info on EU tech rules compliance by July 12 https://t.co/fD7pHZw5PM
Temu, Shein ordered to provide details on EU tech rules compliance by July 12 https://t.co/fRE9aVh6A3
$PDD (+0.7% pre) Temu, Shein ordered to provide info on EU tech rules compliance by July 12 - Reuters https://t.co/Ie81Kq2B1e
