Temu - Asia Tech Wire

Temu

2025.01.02

18:05

Mexico's new tariffs may affect Temu, Shein

Mexico's latest tariff policies may affect Temu and Shein, two major cross-border e-commerce platforms that focus on Chinese goods.

2024.12.30

07:25

New momentum for foreign trade is accelerating as cross-border e-commerce shipments are busy during the year-end shopping season

Nowadays, some overseas consumers have become accustomed to shopping on Chinese cross-border e-commerce platforms. With the arrival of the year-end shopping season, the number of packages from China in overseas regions has increased significantly. According to market research firm GFK, Chinese cross-border e-commerce platforms such as Temu, SHEIN, and AliExpress will ship about 4 billion pieces to EU countries throughout this year. The "Overall Plan for Deepening Comprehensive Reform of International Trade in Yiwu City, Zhejiang Province" recently issued by the National Development and Reform Commission proposed to reasonably optimize cross-border e-commerce rules that reflect the wishes and interests of small and medium-sized enterprises and platform parties. Experts said that in recent years, with the introduction of a series of supporting policies, cross-border e-commerce has been actively innovating and has gradually developed into an important force in continuously promoting the high-quality development of foreign trade.

2024.12.24

17:04

Amazon denies asking sellers to choose between two options: It is not true and they can decide their own sales strategy

Some netizens broke the news on social media platforms that Amazon requires the top 20 sellers on the platform to choose between Amazon and Temu. If sellers open a store with the same brand on Temu, they will receive a warning letter asking them to choose between the two. On December 24, Amazon responded, "Amazon's statement that sellers are required to sell exclusively on Amazon is not true. Sellers can independently determine their sales strategies and set their own product prices on Amazon and other sales channels. In fact, no matter where sellers sell, Amazon will support sellers' success through our multi-channel strategy, such as solutions such as Multi-Channel Fulfillment (MCF). Sellers set their own prices on Amazon and provide consumers with competitive prices through the optional tools provided by Amazon."

2024.12.11

18:42

Kazakhstan plans to require overseas e-commerce platforms to register and set up offices

Kazakhstan's Deputy Minister of Trade and Integration, Kairat Torzhbayev, recently announced that foreign e-commerce platforms will be required to register and set up offices in Kazakhstan in the future. The regulations are aimed at strengthening consumer protection and regulating the e-commerce market. He revealed that e-commerce platforms such as Temu and Pinduoduo have not yet been registered in Kazakhstan. Currently, Kazakhstan Post, as the main operator, is negotiating with these companies to try to promote their formal business in Kazakhstan. Torzhbayev added that if these e-commerce platforms fail to officially register and set up offices in Kazakhstan, they will face potential tax-related problems.

2024.12.09

19:16

Taobao's overseas GMV exceeded US$20 billion this year

The GMV of Taobao Overseas, Alibaba's international business, exceeded US$20 billion this year, achieving double-digit growth year-on-year. Taobao Overseas is the overseas version of the Taobao APP, mainly targeting overseas Chinese consumer groups. The size of Taobao Overseas exceeds that of Temu last year and is comparable to that of Tiktok last year. Compared with the attention received by the "Four Little Dragons Going Overseas", Taobao Overseas is quite low-key. Looking back on its historical context, Taobao Overseas has been in operation for more than 10 years, and was established only a few years later than Shein, a senior cross-border player.

2024.12.05

15:17

It is reported that Temu has suspended its business in Vietnam. People close to Temu said that they are actively communicating with relevant departments of the Vietnamese government.

Today, market sources said that Temu was told to suspend its business in Vietnam. In response to the rumor, a person close to Temu exclusively revealed that unlike the global e-commerce giant Amazon, cross-border e-commerce platforms from China (including Temu, SHEIN, AliExpress, etc.) have encountered the same problem in Vietnam since this year. Temu is actively communicating with relevant departments of the Vietnamese government to seek solutions. The person said that Temu is sincere in providing high-quality and low-priced Chinese-made products to Vietnamese consumers, just like those consumers in America, Europe, and Africa, who have all become beneficiaries of Chinese-made products to varying degrees. (36Kr)

10:07

Temu reportedly suspends Vietnam business, no official response yet

According to market sources, Temu was told to suspend its business in Vietnam. Pinduoduo has not responded to this yet. According to data, Temu launched a Vietnamese site in October this year, providing shopping benefits such as free shipping and up to 90% discounts in the Vietnamese market. According to media reports, the first version of Temu Vietnam site is relatively basic, only supports English, only accepts credit card payments, and only two logistics companies, Ninja Van and Best, are connected. (Sina Technology)

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