Will Temu kill Amazon? How the Chinese shopping app's rapid growth could crack Amazon's dominance
10:26
CNBC
Will Temu kill Amazon? How the Chinese shopping app's rapid growth could crack Amazon's dominance
Temu appears unstoppable. Since the Chinese shopping app launched in the U.S. a year ago, it has become the number one e-commerce app in the country, with downloads skyrocketing 50x from 600,000 to 30 million in just one quarter, according to Bernstein analysts. In contrast, Amazon's downloads have dropped off a cliff, falling 40% in a year ...
Oct 13, 2023
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