Blue Whale News, June 27th - A new news from Amazon has quickly caught the attention of cross-border e-commerce merchants in China.
On June 26th, Amazon held a closed door event in Shenzhen to introduce the latest actions of the platform to Chinese merchants. It stated that it will launch a "low-priced store" project. A circulating on-site photo shows a store that specializes in providing customers with white label low-priced fashion, home and daily necessities categories, which will be shipped directly from China by Amazon and arrive at consumers within 9-11 days.
From the perspective of white label low prices and investment categories, Amazon has finally begun to invest some effort and officially launched a low price war with Chinese cross-border e-commerce platforms such as Temu and SHEIN.
Some Chinese sellers showed great enthusiasm for Amazon's "low-priced stores", and this news quickly spread among cross-border merchants on the same day, establishing relevant merchant discussion groups. A discussion group flooded with over 200 users within half an hour on the morning of the 27th, and merchants engaged in intense discussions within the group, inquiring about the application entrance.
A seller told Blue Whale News that Amazon's business is still in the "internal invitation" stage, "the platform has not yet opened the application portal", and some merchants have said "it will definitely be soon, it is said to open registration in the summer", and they are all preparing to try it out in the future.
Based on comprehensive industry news, Amazon's "low-priced stores" and Temu's fully hosted products exhibit pixel level similarities: low-priced stores mainly sell unbranded products; The first batch of investment selection categories are only open to fashion, home furnishings, and lifestyle categories, which are hot selling categories in Chinese cross-border e-commerce such as Temu and SHEIN; Featuring low-priced products, consumers have a "refund only" option.
Blue Whale News learned that the biggest difference between Amazon's "low-priced store" and Temu's fully hosted model is that the settled seller has the right to determine the final selling price of the product, while Temu's fully hosted model is ultimately priced by the platform. This is also understood by Chinese merchants as "low-priced stores" where sellers will bear their own storage costs.
The "Four Cross border E-commerce Tigers" in China, especially Temu and SHEIN, have achieved tremendous growth in the global market in recent years. Previously, LatePost reported that Temu estimated to complete $14 billion in GMV for the entire year of 2023; There are also reports that SHEIN's annual sales exceeded $45 billion last year, while the US market accounted for 60% and one-third of Temu and SHEIN's global shares, respectively. In addition, Alibaba's cross-border e-commerce platform AliExpress is also making every effort to drive growth.
By comparison, Amazon's revenue for the fiscal year 2023 was $574.8 billion, and its net sales in North America (USA, Canada) for the fourth quarter were $105.514 billion. According to a source from a large company's overseas strategy department cited by 36Kr in February this year, the combined market share of several Chinese cross-border e-commerce GMVs in the US e-commerce market has reached nearly 10%.
The growth of the Four Little Dragons successfully knocked on Amazon's door. The key to knocking on the door is to rely on low-priced white label goods in the Chinese supply chain. In addition, the tax-free regulations for single packages below $800 in the US market provide conditions for "low prices". But now Amazon has stepped out of the door and begun to face low-priced competition from companies such as Temu, SHEIN, and AliExpress.
Chinese sellers are an important supplier to Amazon. One data shows that in 2022, Chinese suppliers accounted for 70% -80% of Amazon's supply of products. Within cross-border e-commerce, products that sell well on platforms are referred to as "Amazon bestsellers". Amazon and overseas independent websites have always been the two channels for Chinese brand sellers to reap the greatest profits. Now, the launch of Amazon's "low-priced stores" has undoubtedly added another sales channel for white label products in China's vast industrial belt.
In June 2023, Amazon removed Temu from its platform's price comparison system, but it did not end. But just one year later, the launch of "low-priced stores" means that Amazon and Chinese cross-border e-commerce represented by Temu are about to face each other and compete in the trench of "low-priced".
After the news broke out, the US stock market closed on June 26th, and Amazon's stock price rose 3.9%, with a market value exceeding $2 trillion. On the same day, Temu's parent company Pinduoduo fell 1.26%.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Top 20 US stock trading volume: Amazon's record high market value breaks $2 trillion for the first time
- The three major US stock indexes saw a slight increase, with Amazon up nearly 4% and its market value breaking through $2 trillion for the first time
- Top 20 US stock trading volume: Amazon rises by over 2%, setting a new high for stock price. Plan to launch low-priced stores
- The three major US stock indexes closed slightly higher, with Amazon continuing to hit a new historical high. Micron Technology fell more than 7%
- Amazon plans to establish a new shipping channel: directly pick up goods from China and ship them to American consumers
- Amazon Kindle China service officially ends today
- Amazon Kindle China service officially ends today
- Amazon plans to invest over $100 billion in building data centers over the next 10 years, according to reports
- Over 10 years, technology giants such as Amazon have invested over 100 billion US dollars to collectively build data centers
-
理想自動車官博によると、2024年6月、理想自動車が新車47774台を納入し、前年同期比46.7%増となった。2024年第2四半期に108,581台が納入され、前年同期比25.5%増加した。2024年6月30日現在、理想自動車の累計納入台 ...
- 寒郁轩良
- 5 小时前
- 支持
- 反对
- 回复
- 收藏
-
【スタンダード500指数が今年31回の高値を迎えるにあたり、ゴールドマン・サックスは今こそ「ブレーキを踏む」ことができると警告した!】今年、大手科学技術株がスタンダード500指数の強力な反発を後押しし、一連 ...
- 愿为素心人
- 前天 13:02
- 支持
- 反对
- 回复
- 收藏
-
最新の財報は市場予想を下回り、ナイキは急落した。 現地時間6月28日金曜日、米株3大株価指数が集団で下落した。終値まで、ダウ平均は0.12%、ナ指は0.71%、スタンダード500指数は0.41%下落した。 経済データについ ...
- hecgdge4
- 前天 09:48
- 支持
- 反对
- 回复
- 收藏
-
6月30日、Kindle中国電子書店はダウンロードサービスを停止し、ホット検索に突入した。 アマゾンの中国公式サイトによると、2024年6月30日からKindle中国電子書店はクラウドダウンロードサービスを停止し、その後ダ ...
- 什么大师特
- 13 小时前
- 支持
- 反对
- 回复
- 收藏