Temu’s UK operation doubles revenues and pre-tax profits

The company’s UK operation reports its income as a ‘service fee’, similar to how Amazon UK and Google UK operate. Photograph: Dado Ruvić/Reuters

The UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers snapped up products offered by the super-budget retailer.

Temu UK reported revenues of $63.3m (£46.4m) last year, almost double the $32m in 2023, while pre-tax profits similarly surged from $2m to $3.9m, accounts show.