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temu.com has been visited by 1M+ users in the past month
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In 2011, a revamp of the platform took place with a new website layout and improvement in user interface. In 2012, Talabat expanded to Bahrain, United Arab Emirates, and Oman. [7] In 2013, it continued its expansion to Qatar. [8] In 2015, Talabat was acquired by the global German e-commerce group Rocket Internet for US$170 million.
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The website was founded in 2005 [7] [8] by Ronaldo Mouchawar and was originally a consumer-to-consumer auction site part of Maktoob Group. [9] In 2010, Wisam (Sam) Daoud joined Souq from eBay as Chief Technology Officer and led the transformation of the business from auctions to a fixed price catalog based business similar to Amazon.com . [ 10 ]
The UAE is well served by terrestrial radio with a variety of stations broadcasting in the languages commonly spoken in the country. The UAE have one of the highest number of local government-owned FM radio stations in the Arab world. [9] However, in the late 1970s, UAE Radio started independent services.
Temu offers free goods to some users who successfully refer new users via affiliate codes, social media, and gamification. [10] Online purchases on Temu can be made using an Internet browser or through a dedicated mobile app. Temu uses large-scale online advertising campaigns on Facebook and Instagram. [30]
Online banking, e-tickets, share trading in stock exchange are few examples of e-commerce of modern advancement. With its potential, e-trading can reduce the cost per transaction, increase efficiency, support contest, lower prices and boost international demand.
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