Faced with Temu’s low-cost model, what should small and new sellers do?
On November 29, 2023, the U.S. stock market witnessed a historic moment in the Chinese e-commerce industry: Pinduoduo (the parent company of Temu) briefly surpassed Alibaba in market capitalization for the first time. Although Pinduoduo’s stock price retraced at the day’s close, this overtaking holds significant significance. Alibaba has always been the dominant player among […]