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.
Though small compared to each company’s total workforces, work stoppages have set uncomfortable precedents for management.
This month marks the end of what Goldman Sachs estimates will be a record year for stock buybacks, with a volume of roughly $930 billion.
In the first 11 months of the year, 1,991 CEOs have announced their departures, up 16% compared to the same timeframe last year.