Lifestyle
E-Commerce Newcomer Temu Seeks to Democratize Shopping

Online marketplace Temu aims to redefine shopping and democratize access to affordable and high-quality global products and experiences for every American.
Americans are in for a new shopping experience with the arrival of Temu, a new online marketplace that offers fresh and exciting products across different categories for every lifestyle, hobby, or occasion.
With thousands of new products added daily, Temu will feature a wide range of products at competitive prices from fashion to jewelry, beauty and health, home décor and electronics, and more. Customers can browse a personalized selection of these categories from the app and checkout in a few taps. Exclusive deals, discounts, and vouchers are also widely available and updated daily across the platform.
Launched in September 2022, Temu is the latest addition to a host of successful e-commerce retailers such as Amazon, eBay, Etsy, and Shein. With the mission of making global products more accessible, and with the challenging presence of an unprecedented economic slowdown in mind for its consumers, the cross-border e-commerce platform aims to empower buyers in their shopping choices, giving them more ways to improve their quality of life.
The shopping site makes its entry into the American market by positioning itself as every American’s go-to destination for all things shopping. Expanding consumer choice in a crowded e-commerce marketplace is among its top priorities. By democratizing high-quality shopping, Temu allows shoppers to enjoy affordable access to the comforts and conveniences of life.
With only two weeks in operation, the e-commerce site is already being touted as a potential major competitor to e-commerce giants because of its affordable price points and easy, stress-free shopping experience. The Temu app topped the shopping app category on Sept. 17 on the Google Play Store, an early indication of its popularity with consumers.
By drawing on its extensive global supply chain and technology, Temu allows its customers to experience new and exciting products at a much lower price compared to other e-commerce platforms. All products are sourced from a network of top-notch global suppliers cultivated by Temu’s sister company, Pinduoduo. Both companies operate under Nasdaq-listed PDD, which has built up an e-commerce following of close to 900 million active buyers. Pinduoduo works with more than 11 million merchants globally and processed over 61 billion orders in 2021 alone.
“We are fortunate to have access to deep expertise in product sourcing and execution through our sister company,” a Temu spokesperson said in a release. “This stands us in good stead to deliver an unparalleled shopping experience to our customers.”
Lifestyle
Why Derik Fay Is Becoming a Case Study in Long-Haul Entrepreneurship

Entrepreneurship today is often framed in extremes — overnight exits or public flameouts. But a small cohort of operators is being studied for something far less viral: consistency. Among them, Derik Fay has quietly surfaced as a long-term figure whose name appears frequently across sectors, interviews, and editorial mentions — yet whose personal visibility remains relatively limited.
Fay’s career spans more than 20 years and includes work in private investment, business operations, and emerging entertainment ventures. Though many of his companies are not household names, the volume and duration of his activity have made him a subject of interest among business media outlets and founders who study entrepreneurial longevity over fame.
He was born in Westerly, Rhode Island, in 1978, and while much of his early career remains undocumented publicly, recent profiles including recurring features in Forbes — have chronicled his current portfolio and leadership methods. These accounts often emphasize his pattern of working behind the scenes, embedding within businesses rather than leading from a distance. His style is often described by peers as “operational first, media last.”
Fay has also become recognizable for his consistency in leadership approach: focus on internal systems, low public profile, and long-term strategy over short-term visibility. At 46 years old, his posture in business remains one of longevity rather than disruption a contrast to many of the more heavily publicized entrepreneurs of the post-2010 era.
While Fay has never publicly confirmed his net worth, independent analysis based on documented real estate holdings, corporate exits, and investment activity suggests a conservative floor of $100 million, with several credible indicators placing the figure at well over $250 million. The exact number may remain private but the scale is increasingly difficult to overlook.
He is also involved in creative sectors, including film and media, and maintains a presence on social platforms, though not at the scale or tone of many personal-brand-driven CEOs. He lives with his long-term partner, Shandra Phillips, and is the father of two daughters — both occasionally referenced in interviews, though rarely centered.
While not an outspoken figure, Fay’s work continues to gain media attention. The reason may lie in the contrast he presents: in a climate of rapid rises and equally rapid burnout, his profile reflects something less dramatic but increasingly valuable — steadiness.
There are no viral speeches. No Twitter threads drawing blueprints. Just a track record that’s building its own momentum over time.
Whether that style becomes the norm for the next wave of founders is unknown. But it does offer something more enduring than buzz: a model of entrepreneurship where attention isn’t the currency — results are.
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