Shein and Temu have been able to keep the costs on their platforms alarmingly low, but there’s been a hidden political cost racking up.
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Suppliers are upset Temu is swapping to a more Amazon-esque supplier model and trying to drive prices ever-downward.
Amazon has largely dodged liability for the products sold on their virtual shelves. But could the legal tides be shifting?
Amazon’s setting up a discounted shop that will fly products to consumers from China. It’s meant to copy Shein and Temu’s business models.
The e-commerce king has either leased, bought, or announced the addition of 16 million square feet of warehouse space this year.
The bans not only attempt to address human rights violations but also aim to protect domestic textile producers from unfair competition.
The-commerce app, which has spent a fortune marketing itself in America, is reportedly starting to hedge its reliance on the US market.
Temu is now one of the biggest ad clients for both Google and Meta, according to The Wall Street Journal and The New York Times.
For years, traditional cable had one trump card against the upstart streamers devouring their business: live programming. Not anymore.
TD Bank was fined more than $3 billion by regulators in October in what’s arguably the biggest banking scandal of the year.
Europe’s bank M&A scene has been noticeably stagnant for a while, but that could all be about to change next year.