【1994 Archives】

TEMU994 Archives Chinese e-commerce giant Pinduoduo’s overseas business, plans to open up to local sellers in the US market. The specific date for this move has not been decided yet. The new move of allowing local sellers to join the platform will enhance the variety of goods and reduce delivery time. However, TEMU’s internal stance on this decision remains hesitant, as the company is unsure of the availability of qualified local sellers in the US who can provide high-quality and cost-effective products. According to data from research institution ECOMCREW, Amazon, which holds over 40% of the US e-commerce market share, has over 63% of its non-self-operated sellers coming from mainland China and Hong Kong, while US local sellers only make up 34.8%. [LatePost, in Chinese]

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