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Slashed prices, gadgets and limitless marketing: the resounding breakthrough of the Chinese Temu and TikTok is shaking up Amazon

2024-02-09T18:35:08.272Z

Highlights: Chinese e-retailers Temu and TikTok are shaking up Amazon. They are coming to challenge the American world leader in its key markets. Analysts estimate that Temu's turnover will exceed $13 billion in 2023. At the same time, products from another Chinese company, TikTok, are sweeping the United States… This article is reserved for subscribers. You have 91% left to discover. Flash sale -70% on digital subscription I ENJOY IT Already subscribed? Log in.


DECRYPTION - They are coming to challenge the American world leader in its key markets with advertising investments, low prices and “gamification” of the experience.


“S

hop like a billionaire

,

Temu promises.

On the home screen of its application, the Chinese e-retailer displays color.

Golden balloons and flashy orange stars frame the banners that parade:

“Everything for one euro or less”, “Tech Promotions.

Up to -90%.

We are halfway between the bazaar and the funfair.

“Spin the wheel to win 100 euros

,” suggests Temu, with coupons of 10, 25 or 100 euros up for grabs.

In the Valentine's Day section,

"under sink organizers", "tubes of blush"

and

"round calming dog bed"

at knockdown prices are in the spotlight.

To discover

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Arriving in Europe last February after conquering the United States, Temu was a hit.

In France, it attracted nearly 18 million unique monthly visitors in six months, almost as many as Cdiscount and Vinted.

Analysts estimate that its turnover will exceed $13 billion in 2023. At the same time, products from another Chinese company, TikTok, are sweeping the United States…

This article is reserved for subscribers.

You have 91% left to discover.

Flash sale

-70% on digital subscription

I ENJOY IT

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Source: lefigaro

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