Express News | 'Amazon's Bargain Store Would Use Same Trade 'Loophole' as Temu, Shein' - The Information

BenzingaJun 28 14:42 ET

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BenzingaJun 28 13:35 ET

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BenzingaJun 28 10:31 ET

Amazon battles Temu! Citigroup still calls for PDD Holdings.

Temu, which rapidly expanded overseas with a low stock price strategy, made Amazon feel a strong sense of crisis. Recently, according to multiple media including The Information, Amazon plans to launch a "discount/low price store" on its shopping website, specializing in the sale of cheap commodities directly shipped from Chinese warehouses to overseas consumers. This new sector of Amazon will provide fashionable products, housewares, and daily necessities of white brands at prices lower than $20, and orders will take 9 to 11 days to arrive at customers. Amazon told Chinese sellers at a recent closed-door meeting that it will start signing merchants this summer.

wallstreetcnJun 28 01:59 ET

Amazon's Low-Price Channel May Draw Chinese Sellers From Temu -- Market Talk

WSJJun 27 23:02 ET

U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.

S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.

wallstreetcnJun 27 19:16 ET