TEMU tops the list of the world’s fastest-growing online markets

Posted by FBASZ
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On July 29, the 2023 GMV growth ranking was released, with the top five markets being Miravia, Temu, TikTok Shop, Coppel, and Blinkit. Among them, the two fastest-growing e-commerce markets are Miravia, a subsidiary of Alibaba, and Temu, a subsidiary of Pinduoduo. Miravia’s GMV growth in 2023 exceeded 8,000%; Temu’s annual growth rate was 4,648%; Miravia had a growth rate of 355%; Coppel grew 338% in 2023; Blinkit, with a growth rate of 86%.

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