Let’s talk Marketplace 79: China update with Ed - Temu, Shein and everything else

With almost 700 million visits per month, Temu
is the second most frequently visited e-commerce site in the
world. And because Temu is so successful, the Chinese platform is
facing attacks from all sides: competitor Shein is suing Temu for
product piracy, while the US and Europe are planning to protect
their markets and local providers by imposing tariffs on packages
from China. 


And Temu? is targeting the US and Europe and opening up to
sellers based in these countries. With so much movement in the
market, it's worth taking another critical look at Temu and also
at the behavior of competitors. Ingrid and Valerie do just that
in the new episode 79 with Ed Sander, THE China expert from the
Netherlands. The podcast, for example, is about why Shein, Temu
and Amazon hypocritically accuse each other of their own actions
(or rather their own offenses), how Temu puts pressure on Chinese
manufacturers and why Shein benefits from it and why Amazon
presents this manufacturer as a “friendly” alternative to Temu.





Newsflash:


-        Amazon eases the export to countries
without a specific Amazon Store with the new Export Central,
which is part of Amazon's EU Export program.


 -        British fasion retailer and
marketplace Asos.com will sell its daughter chain Topshop/Topman
not to Shein - even though the chinese company made the best
offer.


 -        The financing of the
internationalization of the Swiss marketplace Galaxus to Germany
and other European countries is now secured until at least 2029.


 -        Amazon has reduced the
deadline for processing unsaleable stock from 30 to 23 days. If
companies miss this deadline, Amazon can dispose of these
products.


-        The online gaming platform Roblox
plans to sell physical products directly on the platform starting
in 2025.





New Webinars available:


Exciting webinars await you in the fall!


On September 24th at 11 a.m., Jonny Hofberger from
Taxdoo will discuss the topic of Value Added Tax and
accounting in cross-border sales. The German webinar is about
avoiding annoying mistakes and expanding your daily business
securely and efficiently. In addition to many tips and a detailed
Q&A session, the optimization of accounting is also
discussed, for example through the integration of Amazon Seller
Reports. Pre-registration is done directly via this zoom link:
https://zoom.us/webinar/register/6417219151320/WN_uW5krYjySyiAzMq1wfq_wg#/registration⁠
On October 9 at 11 a.m., Matthias Kluth from Kaufland and
the retailer Antonio Ligato from G+L will be webinar
co-hosts at Marketplace Universe. They will be talking about
internationalization on the Kaufland marketplace, which has
recently launched in Poland and Austria. You can register here:
https://realreataccount.clickmeeting.com/global-verkaufen-lokal-durchstarten-deine-masterclass-fur-kaufland-global-marketplace/register





Marketplace Universe Connect in Munich:


Are you a brand, seller, retailer, manufacturer or e-commerce
head of? From the areas of DIY, home & living, gardening,
sports, consumer electronics or similar? Then mark October 7th in
your calendar and register now for the “Marketplace Universe
Connect x plentyOne Munich Edition”!


What do you get? Direct exchange, valuable contacts, a short
presentation of a brand, drinks & food in a relaxed
atmosphere in a cool location.


But be aware: Not everyone who registers will automatically be
accepted – Each registration is carefully checked to ensure an
optimal experience for all guests. You want to be there? Then
register now!


All information can also be found on
www.marketplace-universe.com/events!





Chapters:


00:00 Introduction of the topic and Ed Sander


08:36 Newsflash


19:12 The crash of Temu's stock price and the reasons for it


24:24 Temu's challenges in terms of profitability and product
quality


28:02 Temu's approach to sellers


36:21 Government attempts to contain Temu


40:56 Comparing Temu's and Shein's business models


45:01 Tough conditions at Temu