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Low-cost e-commerce rivals Shein and Temu have decided to shelve their court cases in the US. The competition over low prices has intensified as China's biggest shopping extravaganza, Singles' Day, begins. A law allowing low-price packages to enter the US duty-free and with little customs scrutiny has enabled the rapid growth of Shein and Temu. Temu's monthly sales in the US almost surpassed Shein's in September. Chinese fast-food brands, backed by venture capital investments, are gaining popularity with aggressive price cuts and patriotic marketing tactics.
Armed with beefy venture capital investments, Chinese fast-food brands are winning over consumers with a combination of aggressive price cuts and patriotic marketing tactics. https://t.co/Zq68wY4rEz
Temu’s monthly sales in the US nearly surpassed Shein’s in September. https://t.co/6ixTDGx8lY
A law that allows low-price packages to enter the U.S. duty-free and with little customs scrutiny has enabled the breakneck growth of two e-commerce companies with roots in China: Shein and Temu. @TokyoWoods @shenlulushen https://t.co/atzhToc0My
Competition over low prices has intensified as China’s biggest shopping extravaganza Singles' Day kicks off. https://t.co/vPFN4cwzjQ
Shein vs. Temu US court cases shelved https://t.co/M121K8JMZB
Low-cost e-commerce rivals Shein and Temu shelve US court cases https://t.co/GGt6T1j6u2 https://t.co/Z30BcN2C43