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Economist Podcasts
Money Talks: Why Amazon should be afraid of Temu
Mar 21, 2024
A discussion on the fierce competition between Amazon and Temu in the US e-commerce market, focusing on Temu's strategy to offer cheap products from China. Insights on how Temu's marketing tactics, cost-effective business model, and impact on competitors like Etsy are shaping the industry. The episode also touches on interesting topics such as interest rates, crow population, and humoristic comparisons.
44:12
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Quick takeaways
- T-Moo's direct shipping model from Chinese factories offers duty-free goods under $800, reshaping the US e-commerce landscape with lower prices.
- Etsy differentiates itself from T-Moo by focusing on unique artisanal products and brand loyalty amidst rising competition.
Deep dives
T-Moo and Amazon Compete in Retail Race
T-Moo and Amazon engage in a race to win over customers in America, with T-Moo offering 11,000 beads for $15.29, competing against Amazon's 5,000 beads for £19.99. T-Moo's delivery estimates suggest longer wait times but attract customers with affordable prices. Despite slower delivery, Americans favor T-Moo for cheaper goods, potentially reshaping e-commerce in the US.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode