“Temu” is a Chinese company, and the name is derived from the phrase “Team Up, Price Down.” This reflects the company’s philosophy of collaborating or teaming up to achieve cost reductions, ultimately leading to lower prices for their most popular products. The emphasis on economies of scale suggests that Temu aims to maintain competitive prices by leveraging the advantages of producing goods in large quantities.
It’s not uncommon for companies to adopt names or slogans that encapsulate their business strategies or values. In this case, “Temu” seems to highlight the importance of teamwork and cost-efficiency in their approach to providing affordable products.