EU Raids Temu's Dublin HQ in Chinese Subsidy Probe

EU regulators raided the Dublin headquarters of online retailer Temu last week. The surprise inspection is part of an investigation into whether the company received unfair state subsidies from China. A person familiar with the matter confirmed the raid on Wednesday. Temu, which is owned by Chinese e-commerce giant PDD Holdings, did not comment. The action signals growing European Union concern over cheap Chinese imports. A customs waiver has allowed a flood of low-priced e-commerce parcels into the bloc. EU officials are examining if state support lets companies like Temu sell at artificially low prices.