PDD Holdings Inc. (NASDAQ:PDD) is one of the 11 Best Revenue Growth Stocks to Buy Now. On August 8, Temu, PDD Holdings Inc.’s (NASDAQ:PDD) fast-growing global e-commerce platform, announced a new partnership with the FITI Testing & Research Institute as part of its ongoing efforts to improve product quality oversight. Temu operates in over 90 markets around the world.
Temu signed a memorandum of understanding (MOU) with the FITI Testing & Research Institute. FITI will provide third-party testing services for the textile and clothing products sold on Temu. This means that an independent organization will help ensure compliance with technical standards and support sellers in improving the consistency and reliability of their products.
A close-up of a customer placing an order using the company's e-commerce platform.
This partnership adds an extra layer to Temu’s existing quality assurance framework.
FITI joins a growing group of global testing and certification partners that work with Temu to help confirm products sold on the platform meet certain safety and regulatory standards.
PDD Holdings Inc. (NASDAQ:PDD), formerly Pinduoduo Inc., is a multinational commerce group best known for its e-commerce platforms, Pinduoduo and Temu.
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Disclosure: None. This article is originally published at Insider Monkey.