How are you thinking about competition? Dispite PDD brung structurally cheaper, do some quick searches and you will see Taobao undercutting them across a shit ton of different SKUs. Taobao has the money to fight this out over the long haul.
It’s very interesting to see how this competition plays out. The competition is fierce. Under the new management team, it looks like Alibaba has finally woken up, which is a really good sign. JD has also started to focus more on customers and lower prices. Meanwhile, Pinduoduo aims to move into higher-quality branded products. Douyin and Kuaishou are entering the field as well. It’s really exciting to see how this will unfold. It’s somewhat different from other places, as most people I know actually use all or at least many of these apps for shopping simultaneously and compare prices.
I wrote in more specific detail about ordering from Temu - they definitely need to improve their packaging (had one item arrive damage - see my pics) BUT I just placed another order for them - including an $20 egg steamer for my parents that I hope arrives in one piece:
Can Temu Take on Amazon.com & the Rest of the World?
Amazon may regret giving up the “sinking markets” (less than $40 orders) to the Chinese; what's wrong with US Big Tech; & my experience ordering from Temu, Amazon, Sea Limited's Shoppe & Lazada.
How are you thinking about competition? Dispite PDD brung structurally cheaper, do some quick searches and you will see Taobao undercutting them across a shit ton of different SKUs. Taobao has the money to fight this out over the long haul.
It’s very interesting to see how this competition plays out. The competition is fierce. Under the new management team, it looks like Alibaba has finally woken up, which is a really good sign. JD has also started to focus more on customers and lower prices. Meanwhile, Pinduoduo aims to move into higher-quality branded products. Douyin and Kuaishou are entering the field as well. It’s really exciting to see how this will unfold. It’s somewhat different from other places, as most people I know actually use all or at least many of these apps for shopping simultaneously and compare prices.
Better to go long a basket? Seems hard to gain conviction at this phase
I wrote in more specific detail about ordering from Temu - they definitely need to improve their packaging (had one item arrive damage - see my pics) BUT I just placed another order for them - including an $20 egg steamer for my parents that I hope arrives in one piece:
Can Temu Take on Amazon.com & the Rest of the World?
Amazon may regret giving up the “sinking markets” (less than $40 orders) to the Chinese; what's wrong with US Big Tech; & my experience ordering from Temu, Amazon, Sea Limited's Shoppe & Lazada.
https://emergingmarketskeptic.substack.com/p/can-temu-take-on-amazon-and-the-rest-of-world
Prive drives narrative. I have yet to read an analysis/estimation on how much income is earned from 仅退款 penalties.
Could you elaborate on why not being listed as the official business owner in China is commonplace?