Dear MEL Topic Readers,
How Temu is shaking up the world of online shopping
You might have used or already are a loyal customer of Temu. Temu is an
online marketplace operated by a Chinese e-commerce company Pinduoduo. Temu requires
its suppliers to offer the lowest prices. Also, it ships consumer goods directly
from producers in China to buyers in other countries. Since each shipment is
individually packed, it can take advantage of the de minimis, import duty
exemption. So, if you search for a pair of sneakers or a sweatshirt at Temu,
you’ll find ones at incredibly low prices as there are no middlemen. In
addition, Temu is generous when it comes to providing market data such as
consumer demands and sales trends to its suppliers, free of charge. So, consumers
find merchandise that matches their tastes. Temu has been growing rapidly,
especially in the USA, over 150 million Americans are using the Chinese
marketplace regularly. That’s as many as users of TikTok! Consumers seem to be
very happy about Temu but what about US suppliers and lawmakers?
Read the article and learn about this growing Chinese online retail
giant.
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