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flag EU raids Temu’s Dublin office over possible Chinese state subsidies, risking up to 10% fines.

flag EU regulators raided Temu’s Dublin office under the Foreign Subsidies Regulation, probing potential Chinese state support that could give the retailer an unfair advantage. flag The unannounced inspection is part of broader EU efforts to address foreign subsidies and the upcoming end of a €150 customs waiver for low-value parcels, which European retailers say benefits platforms like Temu. flag The company, a PDD Holdings subsidiary, has about 116 million monthly users in the EU. flag The investigation may lead to fines of up to 10% of annual turnover if violations are found.

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