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temu

Walmart said to raise US$3.6 billion from sale of JD.com stake, fuelling China tech slump

by Ron Morgan
Walmart said to raise US.6 billion from sale of JD.com stake, fuelling China tech slump

Walmart is refining its strategy in the world’s second-largest economy, where its long-standing e-commerce partner is struggling along with major rivals Alibaba Group Holding and PDD Holdings, owner of Pinduoduo …

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Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

by Anas Siddiqui
Shein gets go-ahead to build US4-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to build a new supply chain hub in the city’s Zengcheng …

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Shein pop-up store to open in South Africa, but there’s a CATCH

by Anas Siddiqui
Shein pop-up store to open in South Africa, but there’s a CATCH

Fast-fashion giant Shein, known for its $5 tops and $10 dresses, will open a pop-up store at the Mall of Africa in Johannesburg in August as the online retailer aims …

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Shein pop-up store opens in South Africa TODAY

by Anas Siddiqui
Shein pop-up store to open in South Africa, but there’s a CATCH

Fast-fashion giant Shein, known for its $5 tops and $10 dresses, will open a pop-up store at the Mall of Africa in Johannesburg on Friday, 2 August as the online …

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BAD news for Takealot in South Africa

by Anas Siddiqui
BAD news for Takealot in South Africa

Takealot in South Africa is at the centre of an eCommerce war against Chinese upstarts Temu and Shein. No, the aforementioned don’t only clutter your social media feed and inbox …

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PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

by Anas Siddiqui
PDD-owned Temu’s first-half sales surge to US billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to about US$20 billion in the first half of this year, …

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EU investigates Temu and Shein for Digital Services Act violations

by Jane Adams
EU investigates Temu and Shein for Digital Services Act violations

The European Commission has launched a decisive move against popular Chinese online marketplaces Temu and Shein, demanding detailed explanations of their adherence to the Digital Services Act (DSA). This action …

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Opinion | Why Pinduoduo’s surprise growth may not be good news for China’s economy

by Walter Watson
Opinion | Why Pinduoduo’s surprise growth may not be good news for China’s economy

Last month, Pinduoduo (PDD) reported surprisingly strong first-quarter results, with group revenue reaching 86.81 billion yuan (US$12 billion), exceeding Wall Street analysts’ estimate of 75.66 billion yuan. Net profit also …

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Temu parent company led by top former Chinese Communist officials

by Edgar Davis
Temu parent company led by top former Chinese Communist officials

The parent company of China-based online marketplace Temu employs a bevy of former Chinese Communist Party officials among their top executives — raising serious national security risks, experts told The …

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Shein and Temu orders in South Africa set for BIG tax hike

by Anas Siddiqui
Shein and Temu orders in South Africa set for BIG tax hike

Items of clothing bought from international e-commerce retailers in small quantities will from 1 July 2024 be taxed at the same rate as large quantities. The change comes as the …

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