The Federal Trade Commission has sent a letter with questions to Temu and spoke with representatives of the PDD Holdings (PDD)-owned site on the phone after the agency found the same items offered by Amazon (AMZN) for lower prices on Temu, The Information’s Jing Yang and Theo Wayt report, citing people familiar with the matter. The communications took place before January 20, when Biden-appointed FTC Chair Lina Khan stepped down and was replaced by Trump appointee Andrew Ferguson. Amazon’s pricing policies are a major component of an antitrust lawsuit the FTC filed against Amazon in 2023 that’s due to go to trial next year, with the FTC alleging that the policies result in higher prices for shoppers across the internet.
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