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Behind Amazon's quiet launch of Haul, which competes with Temu in ultra-low-price items from China - TL;DR CNBC

Behind Amazon's quiet launch of Haul, which competes with Temu in ultra-low-price items from China

Publishing timestamp: 2024-12-22 08:00:01


Summary

Amazon launched a new mobile-only section called Haul for ultra-low-price items primarily shipped from China. Despite slower shipping speeds, the demand for cheap products is high, with millions of unique customer visits since its launch. The success of similar apps like Temu and concerns about labor practices and environmental effects have not stopped the growth of budget e-commerce sites.


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Keywords: e-commerceonline retailwalmart incapparel manufacturingchinaapparel retailretail industrybusinessalibaba group holding ltdtiktokmarketsbusiness newseconomyimport and export pricespdd holdings inconline shoppingvideo firstpoliticsapple incretail salesu.s. economyjeff bezosamazon.com inc

Source: https://www.cnbc.com/2024/12/22/amazon-haul-takes-on-temu-to-bring-shoppers-cheap-goods-from-china-.html


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