Chinese E-Commerce Giant Disrupts Online Market in Hungary

  • 13 Feb 2024 6:51 AM
  • Hungary Around the Clock
Chinese E-Commerce Giant Disrupts Online Market in Hungary
E-commerce association ECH is set to file a complaint with competition watchdog the GVH about various practices of Chinese e-commerce giant Temu, Forbes writes.

Fast-fashion retail chains, such as H&M, are already feeling the impact of the aggressive expansion of the company.

According to Zoltán Csányi, a former deputy CEO of ECH, local companies would be penalised by authorities if they followed Temu’s practices, but he did not elaborate.

In an earlier report, Forbes wrote that the Chinese company carved out a roughly 29% market share within foreign e-commerce sites in just four months, making it the second-largest online marketplace on the market.

The average basket value of orders reached Ft 18,000 in January, according to online market researcher GKID.

You're very welcome to comment and discuss this, and enjoy more stories, via our Facebook page: + via XpatLoop’s group: Budapest Expats - The International Community

You can subscribe to our newsletter here:

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit and click on 'Free Trial Subscription’.

Explore More Reports