PDD Holdings' Temu has significantly dropped its ad spend, thus seeing its ranking plummet on app stores in the U.S.

Amazon launched a competitor to Temu last November, called Amazon Haul, which features items under $20 that are largely from ...

Temu, which is owned by Chinese ... With hefty spending on TV ads as well across Facebook, the company promoted clothing, jewelry, home goods and electronics at bargain basement prices.