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Etsy ‘potential beneficiary’ from Temu shifting focus away from U.S.- Wells Fargo (ETSY)

Etsy ‘potential beneficiary’ from Temu shifting focus away from U.S.- Wells Fargo (ETSY)
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Brokerage Wells Fargo believes PDD (NASDAQ:PDD) owned Chinese e-commerce platform Temu’s decision to shift its business away from U.S. would likely be a tailwind to Etsy (NASDAQ:ETSY).

“We estimate Etsy.com generated 68% of GMS from US buyers in 2023, and we note our UW has

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