Amazon Attacks Temu and Shein's Turf with New Low-Cost Storefront: Report

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Also Read: Alibaba Rival Temu’s Aggressive Model Shift Sparks Supplier Protests: Report Amazon’s move coincides with slower retail sales growth, which saw just a 5% rise in the second quarter, down from 7% in the previous quarter.

Prior reports indicated Amazon’s plans to launch a new section on its site offering affordable items to overseas consumers, shipped directly from warehouses in China to ...

Amazon plans to ship orders from a facility in Guangdong, China, while offering sellers reduced fulfillment fees for items sold through this new platform.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: Media News Briefs Movers Top Stories BZ Data Project AMZN Tech Benzinga PDD US0231351067 Emerging Markets Stock Battles AI Generated

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 17:24:43 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23216961

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 16 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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