In a statement issued on Tuesday, GVH said Temu's European operator had cooperated for the full course of the probe and waived its right of appeal.

GVH had launched the probe after its experts assessed a number reports regarding the e-commerce platform.

Messages on Temu urging consumers to "hurry up" with their purchases because a limited number of the products were left, or touting products rated "five stars" by earlier buyers was likely a form of "psychological pressure", while promises of discounts of "as much as 95pc" could be misleading, GVH said at the time.

In addition to adopting a consumer protection compliance programme, Temu's European operator will pay Hungarian consumers who made purchases on the platform between November 2023 and September 2024 each HUF 2,000 cash compensation.

Whaleco will also pay a HUF 437m fine.

Photo: Pixabay.com

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************************************************************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.