Fifteen years ago, Amazon made a bet that e-commerce is not going to change. That e-commerce of 2007 will still be the future a decade later. Jeff Bezos said, "I can't imagine that ten years from now [our customers] are going to say, 'I love Amazon, but if only they could deliver my products a little more slowly.'" As it turns out, it lasted even longer.
Read the reportTemu wants to be more like Amazon, to reduce supply chain risk and offer faster shipping, while Amazon is racing to replicate Temu because it cannot ignore the fact that its low prices trump Amazon's convenience for some shoppers.
Amazon, Walmart, and TikTok Shop are the three top marketplaces for U.S. brands. However, if Temu and TikTok achieve their goals this year, they will overtake Walmart in the marketplace ranking.
Amazon will launch a Temu, Shein, and AliExpress competitor featuring low-price items shipped directly from China. Amazon's main quest remains Prime, but it has accepted a new side quest.
None of the ads from Amazon's $49 billion ad network won any awards at the prestigious Cannes Lions, but Amazon was the most visible company at the festival.
TikTok hosted its first $1 million shopping livestream. TikTok Shop is bringing the long-promised live commerce to the masses.
Shopify's almost-marketplace Shop app is approaching a $1 billion GMV run rate. It's not a shopping destination but drives sales as a by-product of the Shopify ecosystem.
TikTok is reworking the antiquated affiliate marketing model. It aims to turn every one of its more than a billion users into a shopping influencer.
In April, three-quarters of new sellers on the Walmart marketplace were from China, surpassing records set just a month prior. Walmart wants to sell what Temu is selling.
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