Amazon courts sellers at China summit as Temu and Shein gain momentum
Publishing timestamp: 2023-12-14 18:22:28
Summary
Amazon is hosting a summit for China-based merchants and plans to open an "innovation center" in Shenzhen. The company is making efforts to appeal to Chinese sellers as it faces competition from Shein and Temu. Shein has filed for an IPO and has faced scrutiny over its impact on the environment and allegations of forced labor. Amazon is also updating its fees for sellers in an apparent appeal to Shein and Temu merchants.
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Keywords: amazon.com inc, etsy inc, pdd holdings inc, ebay inc, business news, internet, technology, alphabet inc, breaking news: technology,