It’s owned by PDD holdings but its best-known brand is TEMU - which you could describe as an online flea market but it's worth $150bn.  It’s huge in China where it's from and now it's heading our way.  It’s already established its European HQ in Ireland.  But like many Chinese companies its ownership and control is secretive and now the Irish watchdog the Coimisiun na Meán is looking at TEMU as well. 

Dan McCrum from the Financial Times has taken a deep dive into TEMU.