Upsetting the apple cart

Quick Summary:

The entry of Temu -- China's e-commerce behemoth -- into the Thai market last month is expected to intensify cross-border competition that will affect both online and offline businesses in Thailand, according to e-commerce pioneers.

"A big reason for this limited success is that Southeast Asia's e-commerce platforms already provide a wide range of cheap Chinese goods, for example through Shopee's and Lazada's cross-border offerings.

Apichit Prasoprat, vice-chairman of the Federation of Thai Industries (FTI), said the federation has asked the relevant authorities to implement additional new measures to cope with the large number of imported products from China.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaMalaysiaPhilippinesSingaporeUnited States

Topics: Market Local Goods Products E-commerce Temu Chinese Competition China Thailand Platforms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 05:50:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1855 words

Reading Time: 11 minutes read

Sentences: 73 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 21924476

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 7 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 23 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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