Temu, the fast-growing Chinese e-commerce platform selling $4 home decor and $10 shirts, is successfully taking on US dollar stores including industry leader Dollar General, according to the latest market share data.
As of last month, Temu accounted for nearly 17 percent of market share in the United States within the discount stores categories, according to data analytics firm Earnest Analytics. That compares to 8 percent for the dollar chain…