Temu’s Europe HQ Raided as Part of EU Foreign-Subsidy Probe

Temu’s European headquarters in Dublin have been hit by raids by European Union competition watchdogs, amid suspicions the Chinese e-commerce giant may have received unfair subsidies from Beijing.

The unannounced inspections took place last week, according to people familiar with the matter who spoke under condition of anonymity.

The swoop by EU officials is the latest test of the bloc’s tough new rules aimed at preventing sovereign states from using their financial muscle in an non-competitive ways. Aside from acquisitions such as Abu Dhabi National Oil Co.’s takeover of Covestro AG, the EU has wielded the Foreign ...