Temu floods the market with a new strategy
Temu, owned by China’s PDD Holdings, is expanding its marketplace to include sellers with US warehouses to compete with Amazon, reducing delivery times and expanding its product range.
Temu, part of Chinese e-commerce company PDD Holdings, has announced its new strategy to beat Amazon. According to Insider’s report, the online store now includes sellers with American warehouses in its marketplace.
Previously, Temu used a “managed marketplace” model where products were shipped from warehouses in China. Thanks to the new approach, US sellers can now order and ship products themselves. In this way, Temu can reduce the delivery time and promises “faster delivery” for products coming from American warehouses.
Related news
Árukereső.hu: this is what is bought here and in the region online during the heat wave
The summer heat is becoming more and more intense, and…
Read more >Market share of Chinese platforms in Spain reaches 34%
One in three (34 percent) of online purchases in the…
Read more >Amazon in AI partnership to help brands measure ad performance
Amazon is collaborating with an artificial intelligence-enabled market insight platform…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >