WMT - Temu vs. Shein: Battle Intensifies as Temu Woos Sellers Targets Amazon and Walmart | Benzinga

PDD Holdings Inc’s (NASDAQ:PDD) Chinese online marketplace Temu is attracting manufacturers previously affiliated with its fast-fashion rival, Shein, by offering them a new platform to sell their cheap goods as Shein aims to refine its supply chain for a prominent U.S. listing. 

Temu and Shein played an integral role as rivals of Jack Ma co-founded Chinese e-commerce juggernaut Alibaba Group Holding Limited (NYSE:BABA).

Shein, based in Singapore, cut ties with several suppliers in southern China due to violations of the company’s certification standards, discovered by auditors last year. 

These suppliers have now turned to Temu, aggressively targeting Shein’s market share by investing billions to ship low-cost goods from China to Western consumers, the Financial Times Full story available on Benzinga.com