Amazon’s storefront would directly compete with Temu and Shein, two emerging e-commerce sites with ties to China that have grown in popularity in the U.S.
Amazon hosted a closed-door event for sellers in China, where it presented plans for a new budget storefront that features low-cost apparel, home goods and other items.
It's unclear when Amazon intends to debut the storefront, but the presentation notes it will start accepting products this fall.plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers, CNBC has learned.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Temu joins Shein in facing stricter regulation in the EUThe European Commission has ruled that Temu qualifies as a “Very Large Online Platform” under the Digital Services Act.
Read more »
Walmart Is Finally Capitalizing On Amazon And Temu’s China PlaybookCyrus ('suh-ROOS') Farivar is a Forbes senior writer who covers retail, scams, surveillance, and more across Silicon Valley. He joined Forbes in 2022 and is based in Oakland, California. He has covered Temu, TikTok Shop, and the collapse of Cruise, the autonomous vehicle arm of GM.
Read more »
Amazon Prime Membership: The Best Reasons to Sign up Today, Ahead of Amazon Prime Day 2024Don't miss out on Amazon Prime Day! Here's how an Amazon Prime membership can benefit you all year long.
Read more »
Amazon Prime Day 2024: Everything we know so far about Amazon's sale in JulyValentina Palladino has been writing about consumer tech for over a decade, focusing on smartwatches, fitness trackers, laptops, smart home gadgets and accessories.
Read more »
Amazon Prime Day 2024: Everything we know about Amazon's sale in JulyValentina Palladino has been writing about consumer tech for over a decade, focusing on smartwatches, fitness trackers, laptops, smart home gadgets and accessories.
Read more »
Wonder Woman's All-Amazon Justice League Just Added an Unexpected Villain (& She's the Perfect Addition)Wonder Woman in the DCEU and the Amazons in Marvel Comics
Read more »