Temu, the budget shopping app owned by PDD Holdings, is set to enter Australia and New Zealand on Mar. 13, according to a report by Shanghai Securities News. The app will offer products available on Temu’s North America site, the report said, and the firm will waive commissions and deposits for merchants on the platform. Temu’s low prices come from sourcing products directly from Chinese manufacturers, similar to its sister app Pinduoduo. The company’s overseas expansion team aims to explore 100 industry regions across the country starting this March, enabling more manufacturing companies to sell their goods outside China via Temu. [Shanghai Securities News, in Chinese]