CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Chinese online retailer Temu agrees to data privacy restrictions to settle Texas lawsuit, documents say

By Reuters News

Oct 16 (Reuters) - Chinese online retailer Temu has agreed to settle data privacy claims raised by Texas and will restrict how the handles personal data from shoppers in the state, according to documents reviewed Friday by Reuters.

Temu faces several lawsuits from US states concerned that the company unlawfully harvests US user data that could be accessed by the Chinese government. Texas is the first to resolve those claims. It is also the first time the company has agreed to keep personal data on US servers and restrict when it can be sent to China, a source familiar with the settlement said.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk