News Formal

Temu and Shein's soaring popularity has Wall Street eyeing China's influence on tech earnings

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

News Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Though they’re not based in the U.S., Temu and Shein have captured the attention of Wall Street because of their potential impact on U.S. tech companies.

Earnings reports from Amazon, Meta and eBay could all raise questions about the ongoing impact of discount retailers Temu and Shein.

Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods from China, whether it's a $3 pair of shoes or a $15 smartwatch.The rise of the discount shopping apps, along with TikTok Shop from China's ByteDance, have generated fresh competition for U.S. e-commerce companies

"We have a saying that it's not hard to lower prices, it's hard to be able to afford lowering prices," Jassy said on the company's fourth-quarter earnings call."The same is true with adding selection. It's not hard to add lower selection, it's hard to be able to afford offering lower ASP selection and still like the economics."whether to close the trade loophole and increase duties on cheap goods, which could dent the continued growth of those platforms.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 569. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Wall Street banks name 10 UK stocks to benefit from Labour landslide winCiti, RBC, UBS, Jefferies and Investec name housebuilders and FTSE indexes as picks.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »