Chinese e-commerce huge Pinduoduo has been behind its rivals Alibaba and JD.com when it arrives to intercontinental enlargement. Now Pinduoduo has launched a U.S. e-commerce web site identified as Temu.
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Pinduoduo launched its U.S. on line buying web page as the Chinese e-commerce large can make its to start with big force abroad.
The internet site called Temu, which went on the web Thursday, lists goods throughout a range of classes such as apparel, jewelry, pet supplies and property and backyard, and could mark a new challenge to U.S. e-commerce leader Amazon.
Pinduoduo did not answer to a ask for for comment when contacted by CNBC.
Temu marks Pinduoduo’s major push overseas however as the domestic Chinese economic climate faces a selection of difficulties from a resurgence of Covid-19 to an electrical power crunch. That has hurt financial growth in China and dampened purchaser sentiment.
China’s most important technological know-how providers from Tencent to Pinduoduo’s e-commerce rivals Alibaba and JD.com keep on to go after worldwide markets. Pinduoduo, a considerably young firm than Alibaba and JD.com, acquiring only been launched in 2015, is behind its rivals when it arrives to the overseas push.
Alibaba took a managing stake in Singapore-based mostly Southeast Asian e-commerce web site Lazada in 2016 and has because invested income in the small business to increase its existence in the region. Alibaba also has a different web page named AliExpress that companies marketplaces like Europe and the U.S.
JD.com meanwhile operates Joybuy.com for global clients.
Pinduoduo’s Temu is a cross-border e-commerce site with most merchandise probable to arrive from overseas, specifically China. Temu said transport to the U.S. could just take 7-15 company days.
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