• Let’s talk Marketplace 79: China update with Ed - Temu, Shein and everything else

  • Sep 19 2024
  • Length: 49 mins
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Let’s talk Marketplace 79: China update with Ed - Temu, Shein and everything else

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  • With almost 700 million visits per month, Temu is the second most frequently visited e-commerce site in the world. And because Temu is so successful, the Chinese platform is facing attacks from all sides: competitor Shein is suing Temu for product piracy, while the US and Europe are planning to protect their markets and local providers by imposing tariffs on packages from China. And Temu? is targeting the US and Europe and opening up to sellers based in these countries. With so much movement in the market, it's worth taking another critical look at Temu and also at the behavior of competitors. Ingrid and Valerie do just that in the new episode 79 with Ed Sander, THE China expert from the Netherlands. The podcast, for example, is about why Shein, Temu and Amazon hypocritically accuse each other of their own actions (or rather their own offenses), how Temu puts pressure on Chinese manufacturers and why Shein benefits from it and why Amazon presents this manufacturer as a “friendly” alternative to Temu. Newsflash: - Amazon eases the export to countries without a specific Amazon Store with the new Export Central, which is part of Amazon's EU Export program. - British fasion retailer and marketplace Asos.com will sell its daughter chain Topshop/Topman not to Shein - even though the chinese company made the best offer. - The financing of the internationalization of the Swiss marketplace Galaxus to Germany and other European countries is now secured until at least 2029. - Amazon has reduced the deadline for processing unsaleable stock from 30 to 23 days. If companies miss this deadline, Amazon can dispose of these products. - The online gaming platform Roblox plans to sell physical products directly on the platform starting in 2025. New Webinars available: Exciting webinars await you in the fall! On September 24th at 11 a.m., Jonny Hofberger from Taxdoo will discuss the topic of Value Added Tax and accounting in cross-border sales. The German webinar is about avoiding annoying mistakes and expanding your daily business securely and efficiently. In addition to many tips and a detailed Q&A session, the optimization of accounting is also discussed, for example through the integration of Amazon Seller Reports. Pre-registration is done directly via this zoom link: https://zoom.us/webinar/register/6417219151320/WN_uW5krYjySyiAzMq1wfq_wg#/registration⁠ On October 9 at 11 a.m., Matthias Kluth from Kaufland and the retailer Antonio Ligato from G+L will be webinar co-hosts at Marketplace Universe. They will be talking about internationalization on the Kaufland marketplace, which has recently launched in Poland and Austria. You can register here: https://realreataccount.clickmeeting.com/global-verkaufen-lokal-durchstarten-deine-masterclass-fur-kaufland-global-marketplace/register Marketplace Universe Connect in Munich: Are you a brand, seller, retailer, manufacturer or e-commerce head of? From the areas of DIY, home & living, gardening, sports, consumer electronics or similar? Then mark October 7th in your calendar and register now for the “Marketplace Universe Connect x plentyOne Munich Edition”! What do you get? Direct exchange, valuable contacts, a short presentation of a brand, drinks & food in a relaxed atmosphere in a cool location. But be aware: Not everyone who registers will automatically be accepted – Each registration is carefully checked to ensure an optimal experience for all guests. You want to be there? Then register now! All information can also be found on www.marketplace-universe.com/events! Chapters: 00:00 Introduction of the topic and Ed Sander 08:36 Newsflash 19:12 The crash of Temu's stock price and the reasons for it 24:24 Temu's challenges in terms of profitability and product quality 28:02 Temu's approach to sellers 36:21 Government attempts to contain Temu 40:56 Comparing Temu's and Shein's business models 45:01 Tough conditions at Temu
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