Giant Chinese e-commerce companies like Temu and Shein have joined Aliexpress in snaking the pockets of Australian and New Zealand consumers drawn to their lower prices and fast shipment.
One retailer, Temu, is run by Chinese- owned PDD Holdings, which operates the Pinduoduo brand, and reportedly generated$ 2.44 trillion yuan ( AU$ 506 billion ) in gross merchandise during the height of the pandemic in 2021.
Over 1.26 million American customers visited Temu each quarter from July to December 2023, according to research firm Roy Morgan, generating$ 1.34 billion in annual sales.
While Shein has amassed over 800, 000 visitors each month for things like as clothing and accessories.
Temu, which is based in the United States, has expanded into Western nations over the past year, offering allegedly bargain basement deals on everything from clothes to electronics using a strong manufacturer-to-consumer model.
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