Pinduoduo Dominates with Low Prices, Forcing Rivals like Alibaba, Douyin, Tmall, and Taobao to Rethink Strategies.
I included your post in my Monday links collection post: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-august-5-2024
ALSO:
1) In Depth: ‘Exorbitant’ Fines Land Temu in Hot Water With Chinese Merchants (Caixin) $ https://www.caixinglobal.com/2024-07-31/in-depth-exorbitant-fines-land-temu-in-hot-water-with-chinese-merchants-102222062.html
2) Hundreds of China merchants join protest against Temu fines (IOL) https://www.iol.co.za/business-report/companies/hundreds-of-china-merchants-join-protest-against-temu-fines-f7308a92-60e9-45f7-969f-e806fc51fc76
I think i commented before that I use when Shopee in Malaysia and Temu (expanded to Malaysia and now Thailand) or Amazon in the USA which I wrote about some months ago (Can Temu Take on Amazon.com & the Rest of the World? https://emergingmarketskeptic.substack.com/p/can-temu-take-on-amazon-and-the-rest-of-world )
I do have to wonder how much of Shopee's and Lazada's SE Asia business will be eaten by Temu - at least for those who are willing to take the chance of ordering from China and waiting for it to arrive...
I included your post in my Monday links collection post: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-august-5-2024
ALSO:
1) In Depth: ‘Exorbitant’ Fines Land Temu in Hot Water With Chinese Merchants (Caixin) $ https://www.caixinglobal.com/2024-07-31/in-depth-exorbitant-fines-land-temu-in-hot-water-with-chinese-merchants-102222062.html
2) Hundreds of China merchants join protest against Temu fines (IOL) https://www.iol.co.za/business-report/companies/hundreds-of-china-merchants-join-protest-against-temu-fines-f7308a92-60e9-45f7-969f-e806fc51fc76
I think i commented before that I use when Shopee in Malaysia and Temu (expanded to Malaysia and now Thailand) or Amazon in the USA which I wrote about some months ago (Can Temu Take on Amazon.com & the Rest of the World? https://emergingmarketskeptic.substack.com/p/can-temu-take-on-amazon-and-the-rest-of-world )
I do have to wonder how much of Shopee's and Lazada's SE Asia business will be eaten by Temu - at least for those who are willing to take the chance of ordering from China and waiting for it to arrive...