Amid increasing political tensions with China, Shein and TikTok Shop are striving to establish themselves as global brands. Reports indicate that Temu is growing faster than anticipated but is still losing money and facing logistical challenges as it competes with Shein, TikTok, and Amazon. Additionally, brands are increasing their investments in TikTok for the holiday season. Furthermore, discussions are ongoing for TikTok to invest in a unit of GoTo Group to restart its online shop. The online holiday shopping season sees Shein and upstart retailers drawing significant traffic, although they still lag behind Amazon. Zalora is quietly profitable amidst the rise of Shein and TikTok Shop. In the US, Amazon leads holiday sales, with Temu and Shein trailing behind.
Temu, Shein trail behind as Amazon leads holiday sales in the US https://t.co/DdCBJVL7GU
Zalora quietly profitable amid the rise of Shein, TikTok Shop https://t.co/GqMZZFNkTI
Temu, Shein far lag Amazon as online holiday shopping ramps up https://t.co/m1UzPjAshl https://t.co/pEQgZE2V4E
From wildly popular apps like Shein to counterfeit goods to the rise of livestream selling, China is changing the way the world buys things online https://t.co/wNx8yBzN0l https://t.co/hz7mcojHbc
⚠️ ANALYSIS-TEMU, SHEIN FAR LAG AMAZON AS ONLINE HOLIDAY SHOPPING RAMPS UP Full Story → https://t.co/jUV871hk0k Upstart online retailers https://t.co/AHgyz1CG2f and Shein are drawing millions of window-shoppers to their websites this holiday season, but they far lag market… https://t.co/dDrzJN85Pk
TikTok is in talks to invest into a unit of GoTo Group as one of several options it’s weighing to restart its online shop https://t.co/niR4NsnWwm
TikTok is in talks to invest into a unit of GoTo Group as one of several options it’s weighing to restart its online shop https://t.co/3m8eVZxYy7
Temu Is Burning Cash to Challenge Shein and Amazon on Black Friday https://t.co/yuTThWZDQW
Brands turn up their TikTok investments for the holidays. https://t.co/SOmJ4K5TeW
Reports show Temu is growing faster than even its owners expected, but it’s still losing money and straining its logistics as it tries to compete with Shein, TikTok, and Amazon. https://t.co/eOrDvSpCTd
Temu Is Burning Cash to Challenge Shein and Amazon on Black Friday https://t.co/4KnBDy7mLl
Reports show Temu is growing faster than even its owners expected, but it’s still losing money and straining its logistics as it tries to compete with Shein, TikTok, and Amazon. https://t.co/u8efCubZJt
As political tensions with China increase, platforms like Shein and TikTok Shop are trying to position themselves as global brands https://t.co/y3MetGAkb0