Comment on Amazon is trying to defend its kingdom against cheap Chinese rivals, and it thinks it has a plan

Amazon is trying to defend its kingdom against cheap Chinese rivals, and it thinks it has a plan

Amazon's market capitalization passed $2 trillion for the first time on Wednesday, joining the ranks of other tech colossuses like Microsoft and Apple.Nathan Stirk via Getty ImagesTemu and Shein have been giving Amazon a run for their money with their ultra-low prices.But Amazon might just have a plan to fend them off — starting its own discount section.The Seattle-based giant is looking to ship a range of unbranded items directly from China to the US.You know what they say, "If you can't beat them, you join them."That appears to be the gist of Amazon's new plan to fend off its Chinese rivals, Temu and Shein.The Seattle-based e-commerce giant plans to start a new discount section on its website, The Information reported on Wednesday, citing slides the company had shown to Chinese sellers.According to the outlet, Amazon wants to ship a range of unbranded items directly from China to the US.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News