As inflation and recession concerns squeeze American consumers, many are turning to a new mobile app with Chinese roots.
Online shopping site Temu has soared in popularity in the U.S. since its launch in September. The rapid growth of the site, which sells ultra-low-priced goods mostly made in China, has made Shanghai-based Pinduoduo Inc. the latest Chinese firm to find success in a country increasingly wary of Beijing as a technology rival.
