Revenues in Germany of Asian e-commerce giants collapse

NAMPA / DPA

2026-10-09

Berlin (dpa) - Asian e-commerce platforms Shein, Temu and AliExpress took a huge hit to their revenues in Germany in the third quarter, with earnings plummeting by 35.5% year-on-year to ?566 million ($633 million), according to industry representatives. The rapid growth of Temu and Shein has ground to a halt, said Alien Mulyk, chief executive of the German E-Commerce and Distance Selling Trade Association (BEVH). Mulyk cited the increased cost of......

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