How Temu’s Explosive Growth Is Disrupting American E-Commerce | WSJ

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The Wall Street Journal

The Wall Street Journal

Күн бұрын

Temu, a Chinese-founded e-commerce company, became the most-downloaded app in the U.S. in just over a year. The retailer has flooded social media feeds with curious consumers and even aired ads at back-to-back Super Bowls. In 2023, the discount retail app moved about $17 billion worth of goods between manufacturers and customers across the Pacific.
WSJ breaks down how its continued growth could redefine online retail, just like Amazon’s speedy delivery did.
Chapters:
0:00 Temu’s popularity
0:35 Temu’s explosive 2023
3:00 How Temu can redefine e-commerce
5:57 Temu’s future
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#Temu #Ecommerce #WSJ

Пікірлер: 1 600
@wsj
@wsj 2 ай бұрын
Temu’s parent company spent nearly $2 billion at Meta last year and was a top advertiser at Google. Read more about how Temu’s push into America is paying off big for Meta and Google: bit.ly/4ccJsOq
@thejeffinvade
@thejeffinvade 2 ай бұрын
Temu will replace dollar tree and dollar general, but not Walmart or Amazon.
@MagnusElpron
@MagnusElpron 2 ай бұрын
Wish was the exact same app, real report should have been what happened to it and how it got replaced
@endgamefond
@endgamefond 2 ай бұрын
1.7 billion?! WHAT! No wonder they get famous.
@victoriacooper6892
@victoriacooper6892 2 ай бұрын
They will no longer need to spend that much on Ad
@timoooo7320
@timoooo7320 Ай бұрын
But why is PDD stock doing bad?
@ropro9817
@ropro9817 2 ай бұрын
"Amazon focuses on speed where Temu focuses on price." Why can't anyone focus on quality? There's so much trash products on both that will end up in landfill within 2 years. 😒
@klj6723
@klj6723 2 ай бұрын
JD quick and quality But more expensive
@infini.tesimo
@infini.tesimo 2 ай бұрын
Because y'all can't afford quality made.
@solidamanda
@solidamanda 2 ай бұрын
@@infini.tesimo 2 years? you are being very generous. I'd say its trash from the moment i opened the package
@johnl.7754
@johnl.7754 2 ай бұрын
Amazon has quality brands just people aren’t willing to pay for it a lot of the time
@ssuwandi3240
@ssuwandi3240 2 ай бұрын
Amazon fulfillment costs are definitely on the high end range and that's a possible model for Amazon owned brands. Temu strictly is about a marketplace operator with a much more simple integration model.
@emu256
@emu256 Ай бұрын
The secret is out. Amazon Sellers used to buy from companies like temu and sell it on Amazon for 3-4 times the cost
@Mcowling
@Mcowling Ай бұрын
This is why after seeing anything on amazon I would always look it up on AliExpress to see the difference
@albert93911
@albert93911 Ай бұрын
was never a secret. People have been doing this for ages with AliExp
@angelofdeath275
@angelofdeath275 Ай бұрын
its why I never bought much from amazon tbh. before temu I would shop from similar sellers on ebay
@omearica-rc6fp
@omearica-rc6fp Ай бұрын
TEMU is a huge gamble. They charge you but do not send the products you ordered and items arrive BROKEN but they will not sent you replacements, even when they say they did. God help you if you expect them to refund you for missing items or entire packages even when they SAY they issued a refund. I was duped. I spent $300 and got only about $50 worth of the products I purchased. Cheaper to buy from Amazon and actually RECEIVE what I purchased. This morning I spent about an hour on their website Chatting with their Customer Service Bots hoping to recover something. PS THEY TAKE AN AVERAGE OF ABOUT 17 TO 20 DAYS TO DELIEVER IF THEY ACTUALLY DELIVER AT ALL. They are scum. They are rip off artisist.
@ichbinnichtich
@ichbinnichtich Ай бұрын
It was never a secret
@BillyGooding
@BillyGooding 2 ай бұрын
Billions of dollars of plastic junk going to landfill
@maxhill9254
@maxhill9254 2 ай бұрын
True!
@Johanneslol11
@Johanneslol11 2 ай бұрын
it depends some products are really not bad from them.
@barcode9510
@barcode9510 2 ай бұрын
There should be a world wide ban already on chinese platforms tiktok temu aliexpress garbage and ccp spyware
@Vifnis
@Vifnis 2 ай бұрын
"Shop like a billionaire" Yea it's called a critic of late stage capitalism
@takkarwenja5982
@takkarwenja5982 Ай бұрын
Yeah because before temu we never had this problem
@arjundureja
@arjundureja 2 ай бұрын
This business model is not new, Aliexpress has been doing it for over a decade, and has been very successful. Temu just spends a lot more on marketing.
@metalfly.
@metalfly. 2 ай бұрын
Not quite, Temu also take a huge loss on delivery since they do it by air, so they can deliver much faster than Aliexpress for same or lower price.
@user-tn4pr4gu3t
@user-tn4pr4gu3t Ай бұрын
They are not aiming to make money, but rather go IPO in Wall Street and make tons of money that way and just let it rot later because they know the trash low quality products don’t have a sustainable business in the long run but go public is a quick way to get rich.
@ChyeHeng17
@ChyeHeng17 Ай бұрын
If it's just as easy as 'spending more on marketing', Aliexpress wouldn't be able to have Temu as its competitor. lol..
@theonlycaulfield
@theonlycaulfield Ай бұрын
​@@metalfly.They also pay people, including my teenage brother and his high school friends who have never bought anything, to watch ads on the site. I'm guessing that these non-purchasing users who just watch ads also factor into the large userbase.
@djmeredith6520
@djmeredith6520 Ай бұрын
I see Temu as a cheaper, reliable and more desireable contents that fit today's world. I have never had issues to return the Temu products that I jad issues with and was able to apply the credits to other items that I am interested in. Quite happy with their products so far!
@Wong-Jack-Man
@Wong-Jack-Man Ай бұрын
The irony is Amazons product was already mostly Chinese goods anyways. Sounds like a slow death for Amazon from direct to consumer.
@Asianevermore
@Asianevermore Ай бұрын
Slow death? They have all of AWS and built logistics hubs taking over UPS and fedex market shares.
@ElectroBlender
@ElectroBlender Ай бұрын
China were getting globally subsidised mail.
@amandaamanda5398
@amandaamanda5398 Ай бұрын
@@Asianevermore It doesn't make sense for UPS and Fedex to charge so much for very slow delivery. Things should have been done more efficiently.
@tomk5238
@tomk5238 Ай бұрын
Amazon doesn't actually make much money from e commerce. Their main income is web services.
@tf-ok
@tf-ok Ай бұрын
@@tomk5238 As of 2022, the company generates the majority of it's net revenues through online retail product sales, followed by third-party retail seller services, cloud computing services, and retail subscription services including Amazon Prime.
@mousebr549
@mousebr549 Ай бұрын
80% of goods on Walmart's shelves are from China. Chinese retailers have storefronts on Amazon. The only difference to consumers is if you want to spend a lot more for the same item. Amazon and Walmart are happy to charge you more. A LOT more.
@BRBallin1
@BRBallin1 Ай бұрын
Exactly. Temu is cutting off the unnecessary middleman. A lot of Amazon storefronts simply rebrand the same product from the same Chinese manufacturer.
@ahe2988
@ahe2988 Ай бұрын
The “middlemen” also help to ensure suppliers meet minimum standards and sell products that comply w U.S. regulations and consumer safety laws. Amazon does not w all the vendors that sell shoddy and counterfeit stuff from China. Temu is like a marketplace filled of “JEBEJD” companies from the Amazon store selling fake and dangerous stuff.
@everybodyhasoul5438
@everybodyhasoul5438 Ай бұрын
This. It was touched on but this report buried the lead: People are learning that paying more for Chinese manufactured products to middlemen on Amazon is unnecessary. End.
@mariealv4888
@mariealv4888 Ай бұрын
At least those companies are giving you jobs in America. The Chinese government love temu and the idiots that buy theirs junk.
@jackthomas7134
@jackthomas7134 Ай бұрын
It's not fair to say that Amazon and Walmart are worth their price for the service and quality they provide!
@AbstractZombie-ed8fj
@AbstractZombie-ed8fj Ай бұрын
Product on temu :$1.99 usd Identical product sold by an American seller: $10.99 It's not rocket science..
@magentika
@magentika 19 күн бұрын
Ploy is to undersell stock to take over the market then go back to regular pricing. Their inital loss is being accounted for by knowing they will take over Amazon. Unless people stop buying from them.
@brotherbig4651
@brotherbig4651 8 күн бұрын
They are different. Not the same product.
@SOMEONE-eq5bu
@SOMEONE-eq5bu 22 сағат бұрын
​@@brotherbig4651 not true they are exactly same product labelled and named differently to appeal as it's different
@J-_-S
@J-_-S 15 сағат бұрын
depends what quality, since reverse engineering is known bussiness modelm, literraly just stealing product and making it much cheaper but quality drops ...
@classikz
@classikz 2 ай бұрын
I have zero interest in ordering from Temu, but competition is good for consumers.
@01029690320
@01029690320 2 ай бұрын
It's a monopoly not competition
@AdeleiTeillana
@AdeleiTeillana 2 ай бұрын
Not when it drives the quality of everything down in an effort to compete with the cheap prices.
@Glorious_Kim_Jong_Un
@Glorious_Kim_Jong_Un 2 ай бұрын
Really???? So everyone else has to pay taxes but Temu, from China found a loophole European / American companies cant use and they're GOOD for consumers? Are you insane?
@iqbalbhq6884
@iqbalbhq6884 2 ай бұрын
​@@Glorious_Kim_Jong_Unso dumb 😂
@minerbob4334
@minerbob4334 2 ай бұрын
@@AdeleiTeillanaThen another company will come in promising quality products. That's how a competitive market works buddy, stop fearing competition.
@tylersanders2388
@tylersanders2388 Ай бұрын
The other thing I think they missed in this analysis is that Temu offers standard free shipping across the board. That makes shoppers more willing to spend when the price they see is the price they spend. No $10 item that costs $6 more to ship.
@jessy1982
@jessy1982 Ай бұрын
There are some import tax sometimes but the free shipping is a huge relief vs Wish for example
@TomHofmann
@TomHofmann Ай бұрын
Countries should impose a landfill tax on these low quality product market places.
@dxd42
@dxd42 Ай бұрын
Hahaha free market... This US don't impose it on all corners of the world?😂
@user-yj8zw7hk6f
@user-yj8zw7hk6f Ай бұрын
landfill tax that eventually channels back onto end user cause this is real world... i used to believe taxation will make people comply too
@umbrellastudio7481
@umbrellastudio7481 Ай бұрын
meaning ordinary people pay more tax.
@badbadbadcat
@badbadbadcat Ай бұрын
Suddenly the USA doesn't want a free market economy? It's free market only when it suits you or else taxation?
@datdang9113
@datdang9113 Ай бұрын
@@user-yj8zw7hk6f I think that's the point! The tax will increase the prices of cheap & trash products, making consumers think twice before making the purchase. If they can categorize the products that are likely cheap quality and will quickly end up in landfills, and impose high taxes on them
@djp1234
@djp1234 2 ай бұрын
Looks like a more trashy version of aliexpress, with gambling gimmicks on their app.
@JavenarchX
@JavenarchX 2 ай бұрын
I know! I don't understand how Temu and Shein have even taken off. With Aliexpress around
@wakaneut
@wakaneut 2 ай бұрын
@@JavenarchX Because of the prices and various item selections. People just buy many things out of curiosity and impulses.
@gildardo
@gildardo 2 ай бұрын
My impression as wheal.
@DeusVult77763
@DeusVult77763 2 ай бұрын
@@JavenarchX GEN Z. My generation is the one eating up all these Chinese companies. TikTok, Shien and now temu. Most of us are broke young people so who want the lifestyle of our parents so they turn to these apps. Plus Temu knows that teens and young people are more susceptible to marketing and gambling gimmicks.
@14x7j4
@14x7j4 Ай бұрын
​@@JavenarchXAli didn't advertise during the super bowl. American consumers get scared easily.
@steevthetech
@steevthetech 2 ай бұрын
So. Much. Junk. 😢
@molamolalaaa2968
@molamolalaaa2968 2 ай бұрын
Wise words
@AJ-jx5gm
@AJ-jx5gm 2 ай бұрын
Quality control is almost non-existent for stuff on Temu. You can buy 10 of the same item & half can be trash. The worst case scenario is you get toxic goods that are hazardous to your health.
@ShortFunnyTales
@ShortFunnyTales Ай бұрын
Amazon has same junk at 3 times more $$$
@Al-Storm
@Al-Storm Ай бұрын
Amazon has the same stuff, so does Walmart... So does pretty much every store in the US. The only difference is it's cheaper there.
@inthefuns
@inthefuns Ай бұрын
I find quality is generally excellent- often better than Amazon.
@GamerbyDesign
@GamerbyDesign 2 ай бұрын
Correction if your a social media user and do most of your browsing on mobile, Temu is everywhere. I am an internet user, primarily PC and I hardly see ad for that.
@chenson9587
@chenson9587 Ай бұрын
same, i avoid seeing temu and clicking temu things as much as possible
@user-yj8zw7hk6f
@user-yj8zw7hk6f Ай бұрын
outside of USA, always on phone, not seeing that as well. just here to check out the marketing strategies.
@vinesthemonkey
@vinesthemonkey Ай бұрын
most people still don't know about ad blocking!
@6laquemoon
@6laquemoon Ай бұрын
@@user-yj8zw7hk6f lol I watched for the same reason - marketing. I never see their ads because I only use social media from my laptop!
@hhch2
@hhch2 2 ай бұрын
Let this be a wake up call to how American e-retailers do business - namely Amazon. There are no benefits to the consumer if there is no competition.
@Adrian-zw6sc
@Adrian-zw6sc 2 ай бұрын
I guess I shouldn't be surprised at how many senseless gullible people there are that get suckered into buying such junk.
@jimliu2560
@jimliu2560 2 ай бұрын
If you don’t like it… don’t buy it…… ….but don’t bad mouth people who do…It’s their choice to buy…!
@308_Negra_Arroyo_Lane
@308_Negra_Arroyo_Lane 2 ай бұрын
How many ridiculously overpriced cups of coffee at Statbucks have you been suckered into drinking?
@jimliu2560
@jimliu2560 2 ай бұрын
@@quantumbuddhist By your logic, forever21; Walmart, target,mcDonals; etc…should also be banned because their stuff winds up in landfills also. …and what about the “sole” people that drive SUVs; monster pickups; ; muscle cars; live in big houses; etc…?
@sfjava6239
@sfjava6239 2 ай бұрын
I love Temu
@johnd.5601
@johnd.5601 2 ай бұрын
​@quantumbuddhist Go learn how to measure before you take a stand on what is and what isn't healthy for the environment. The sky isn't falling down. There has never been an environmental movement throughout history that didn't cause unnecessary suffering. In the 1900s they said there would be no more oil. Every time environmental protesters get involved human beings suffer and die. They have never been correct in their pessimistic prognostications.
@Homura514
@Homura514 2 ай бұрын
Indulging in extremely cheap goods never saves you money... Even most Chinese people hate PINDUODUO(the Chinese TEMU), instead, they use JD and TIANMAO more likely. For instance, sneakers with $100 can be worn for 5 years is always better than the one with $ 30 but can only be used for 1 year, meanwhile, the $100 one also be more comfortable.
@user-yj8zw7hk6f
@user-yj8zw7hk6f Ай бұрын
pinduoduo was create to give taobao a tight slap i think. I remember seeing some of them being happy cause taobao is losing its direction and selling expensive trash and pdd is giving taobao a wake up call
@financialgardening
@financialgardening Ай бұрын
JD? A long time ago. I lived in China until just last year for a decade. Of all of my friends, one pattern was very clear. Buy everything on Taobao, if you need quality buy on Tmall (tianmao), buy groceries on Pupu (Hema if you’re well off)… JD has been declining for so long. I also have a lot of friends in the countryside, sometimes they still ask me to help them “shave the price” on Pinduoduo. Most Chinese people don’t earn so much, and for them they care about cost. It’s not so different from us, just that both of these numbers look bigger.
@ewed418
@ewed418 Ай бұрын
the malls ate small businesses, amazon ate the mall, Temu ate amazon.
@Cal97g
@Cal97g Ай бұрын
It’s rampant consumerism
@alp3781
@alp3781 Ай бұрын
I gave T the chance and got some tools and pocket LED flashlights and no complains. It came after 6 days and products are good. I still use these great flashlights at work. They wining over me. I have Amazon Prime, as well. I am shopping now for an Action Camera on Temu.
@thomasbrown6970
@thomasbrown6970 Ай бұрын
Temu is the online dollar store.
@AceDong
@AceDong 2 ай бұрын
How can they grow so fast by selling trash, and why there are so many people buying trash
@waterisformless
@waterisformless 2 ай бұрын
I've probably bought 10+ items on Temu and only 1 (a can opener) was trash.
@ryangreen45
@ryangreen45 2 ай бұрын
if people are buying then it means not everything is trash simple logic
@DeepNightHour
@DeepNightHour 2 ай бұрын
People eat trashy food all day long.
@jeffjones114
@jeffjones114 2 ай бұрын
this is america lol
@theredbar-cross8515
@theredbar-cross8515 2 ай бұрын
Because it's not actually trash. People wouldn't keep buying if it were literally trash. You calling it trash is just more coping and seething that your country can't compete with China.
@darrenisaacs1089
@darrenisaacs1089 2 ай бұрын
I find it ironic how the US uses 5o topics of exploitative/cheap labor when addressing any companies that happen to be Chinese, but have no to little issues when their own US companies are the ones employing these same facilities to manufacturer their products
@clementdato6328
@clementdato6328 Ай бұрын
US companies in China are more generous in money to their Chinese employees than Chinese counterparts. That is well known, from south of China i am speaking
@clementdato6328
@clementdato6328 Ай бұрын
US companies in China are more generous in money to their Chinese employees than Chinese counterparts. That is well known, from south of China i am speaking
@jessy1982
@jessy1982 Ай бұрын
And also exploit Amazing warehouse workers as part of shipping them, and Amazon workers in customer service.
@clementdato6328
@clementdato6328 Ай бұрын
In south of china, specifically US companies, in clothes production, pay more generously than the local counterpart. And their workers have more vacation. Your point is not exactly valid.
@jessy1982
@jessy1982 Ай бұрын
@@clementdato6328I think they meant the local companies also sell to American companies, the US doesn't also start its own branches in China, just uses the existing ones a lot.
@United_Wings
@United_Wings 2 ай бұрын
Everywhere I go I see their ads even before this video
@tmzz3609
@tmzz3609 2 ай бұрын
I've literally never seen an ad for Temu on any platform......... Algorithm knows you. Go buy some plastic that will arrive in 2 months buddy........
@Viv8ldi
@Viv8ldi Ай бұрын
Get adblocker for smartphone and desktop
@michaellundphotography
@michaellundphotography Ай бұрын
@@tmzz3609 Right? Ive never seen one either... I probably will now after watching this video LOL
@United_Wings
@United_Wings Ай бұрын
@@Viv8ldi I've always used an adblocker, but my adblocker was still being fixed so yeah i saw this dumb ads but not anymore
@KillenEMsoftly
@KillenEMsoftly 2 ай бұрын
people get mad at inflation, then get mad at cheap goods
@yummm8775
@yummm8775 2 ай бұрын
Cheap but quality is garbage that's why.
@heatherheatherway6282
@heatherheatherway6282 Ай бұрын
Not really. I find them quite usable most of the time.@@yummm8775
@youngc0930
@youngc0930 Ай бұрын
@@yummm8775on the other hand, it is unrealistic to be cheap and have good quality at the same time.
@sblue3964
@sblue3964 Ай бұрын
@@yummm8775 And you think that's better than expensive garbage that Amazon/Target/Walmart sells? At least you get what you pay for with Temu
@sew_gal7340
@sew_gal7340 Ай бұрын
@@yummm8775How so? Sure my electronics suck but you shouldnt buy electronics from temu. I buy kitchen supplies and phone holders...just house hold stuff (dont buy things that you eat out of though). They are fantastic and totally worth the money
@johnnygonzalez1907
@johnnygonzalez1907 Ай бұрын
Respectfully I disagree with lots of people in the comments about Temu. I ordered from Temu before its heavy marketing and I can say the quality isn’t bad. Ironically the lots of pictures you find in Amazon or Walmart are the same ones in Temu for half of the price.
@trish4540
@trish4540 Ай бұрын
Exactly!
@adjskitran478
@adjskitran478 Ай бұрын
I can testify this.
@kylecyr8999
@kylecyr8999 Ай бұрын
Same ordered a few things from Temu quality is not bad and prices are pretty decent. I would say quality (At least with some stuff is on par if not better than amazon). The only thing i try to avoid buying is electronics.
@katek9903
@katek9903 Ай бұрын
@@kylecyr8999totally agree with you. We bought few electronics and said never again. Everything else temu is good. Price and quality. Even shoes and clothing is good and 50% cheaper then Amazon
@yourleftnut814
@yourleftnut814 Ай бұрын
@@kylecyr8999true. i buy pretty much everything else except electronics. i have bought several dash cams from temu and never had issues though. i wouldn't buy something like a professional grade camera or lens from Temu though
@hotbodtz
@hotbodtz 2 ай бұрын
The No. 1 rule for e-commerce platforms is to know that there are billions of ignorant shoppers out there.
@theYorkies
@theYorkies Ай бұрын
Sad but that’s how the business makes money. Just like modern snake oil salesman.
@jamesjoransen
@jamesjoransen Ай бұрын
"cutting out the middle man" . . . Temu IS the middle man 🤣
@JonySmith-bb4gx
@JonySmith-bb4gx Ай бұрын
Nope .
@klaytonickinson
@klaytonickinson Ай бұрын
Temu's products are usually sold and shipped directly by manufacturers in China whereas Amazon goods are usually purchased in bulk from the same manufacturers, paid import tax then sold and distributed domestically, making the cost of operation a lot higher. So in essence the statement "cutting out the middle man" is not a false one.
@Gold833
@Gold833 Ай бұрын
This is why I laugh at the Tik tok ban, 70% of sellers on Amazon source their products from China.
@stevepeck3723
@stevepeck3723 Ай бұрын
Ok then go ahead and order a container load of plush toys direct from the Chinese factory....woo hoo you cut out the middleman. The only question is what to do with the 9,999 plush toys you dont need...
@kenobi69yearsago57
@kenobi69yearsago57 Ай бұрын
I don’t care about what people say about Temu. The products are usable and I have managed to save up for a high end gaming PC with a 4k 240Hz Monitor as a 19 year old student in my first year of University. Thanks Temu, welcome to Britain and crush Amazon prices 🇬🇧
@roxysponge3447
@roxysponge3447 Ай бұрын
I ordered from temu too. One item i returned so far. Money refunded very fast. Never seen so quick money return.
@claudiuflorea2090
@claudiuflorea2090 Ай бұрын
nice try, Temu HR 😅
@yaretzyfernandez7334
@yaretzyfernandez7334 Ай бұрын
This video made me download temu
@user-si8ek6zl1q
@user-si8ek6zl1q Ай бұрын
PDD is popular in China too. Most of people are not rich, we care about the price. That's the reason why pdd and temu are popular. But you need to master some shopping skills. For example, I will never spend 10 dollars to buy a mobile phone. There is a high probability that you will only buy a model. But if I just want to buy some garbage bags, then I don't need to consider quality issues, because there is no difficulty in manufacturing garbage bags, so the cheaper the better.
@mikeh8416
@mikeh8416 25 күн бұрын
I've bought several items from electronics and kitchen items, to metal signs. It's all been good so far with only a couple duds I had to get refunded.
@geraldwatts5492
@geraldwatts5492 Ай бұрын
3:22 That's what Pinduoduo (parent company) does here in China. We love to use PDD to buy fruits and veggies directly from rural farmers, they are often home grown and unadulterated (unofficially organic). They cut out the middlemen, which is the supermarkets in this case. So we are paying growers directly for the goods, and not paying the supermarket's rent + their desired profits.
@jaker3151
@jaker3151 Ай бұрын
Another thing to note is that because China still claims "developing nation" status at various global institutions/organisations, like the World Trade Organisation (WTO), World Health Organisation (WHO), United Postal Union (UPU) etc, China is able to obtain extra benefits awarded to developing nations. By claiming developing nation status with the United Postal Union, the organisation who coordinates postal policies across the globe, China basically gets its international shipping subsidised by the "developed nations". This is why Chinese companies can send goods from China to the US, UK, Europe etc for next to nothing or even free in some cases. But when you try to ship or return something back to China it will be expensive. This developing nation status gives Chinese companies an unfair advantage in global e-commerce trade.
@Wuroyewuro
@Wuroyewuro Ай бұрын
Great point! What can be done to stop China from abusing developing nation label?
@constantinosbou
@constantinosbou Ай бұрын
That is so not true, with dude 🤣🤣🤣 China Is literally will very soon became the most advanced nation on earth 😁
@diegoflores9237
@diegoflores9237 28 күн бұрын
Every rich country became rich by protectionism and unfair trade practices. China is not doing anything that hasn't been done before
@mikeh8416
@mikeh8416 25 күн бұрын
Answer me this. Where do those subsidies COME FROM? Yeah, your TAX MONEY, meaning you're ALREADY PAYING FOR IT, so you'd rather PAY MORE ON TOP OF THAT?
@janekrubes
@janekrubes 2 ай бұрын
I was hoping they would also discuss what it is that people order. Because it is junk.
@AJ-jx5gm
@AJ-jx5gm 2 ай бұрын
Junk is not even the worst case scenario. Getting something that is toxic and can harm your health is even worse. Something like this has already happened.
@jordan0chang
@jordan0chang Ай бұрын
Same Chinese stuff you find at Macy's, forever21, H and M, etc. basically, anything at your mall is from China. Except it's been marked up 300%
@trish4540
@trish4540 Ай бұрын
But usually you’ll see those same “junky” products on Amazon for double the price so …
@JonySmith-bb4gx
@JonySmith-bb4gx Ай бұрын
U ordered a mirror didn't u 😂
@JonySmith-bb4gx
@JonySmith-bb4gx Ай бұрын
@@jordan0chang china created everything
@MH-YouTube-Controlled
@MH-YouTube-Controlled Ай бұрын
My last Amazon Prime delivery took 10 days. Just cancelled an Amazon order because the estimated shipping was 16 days. Is Amazon failing?
@3066961
@3066961 2 ай бұрын
FT has a great analysis on PDD recently, for those who are interested in this topic.
@nonstopjoliver
@nonstopjoliver 2 ай бұрын
Isn't their greatest advantage the issue with de minimis shipments? Regardless, their ads are super annoying and I have contiuously blocked them.
@augustpropertymanagement3389
@augustpropertymanagement3389 Ай бұрын
Temu is so addictive. You just can't stop spending. Maybe there should be a Temuolic Anonymous group set up.
@carolinaiga-musisi4342
@carolinaiga-musisi4342 Ай бұрын
Let me know if you find one, lol!
@dnickolov
@dnickolov 2 ай бұрын
People just end up buying so much trash that they won’t ever use, just because it’s “cheap”. It blows my mind how much junk is in people’s houses
@mikeh8416
@mikeh8416 25 күн бұрын
More amazing is how much junk there is between your ears. I use all the stuff I've gotten from Temu pretty much EVERY DAY!
@blifx
@blifx Ай бұрын
Amazon turned into AliExpress but where everything is $20 more expensive
@DC-qn4wz
@DC-qn4wz Ай бұрын
But middle-man (resellers) on Amazon want to get rich!
@mikeh8416
@mikeh8416 25 күн бұрын
@@DC-qn4wz Buy from AMAZON!! Bezos NEEDS your money, $114 BILLION ISN'T ENOUGH!!
@jerrywu5797
@jerrywu5797 Ай бұрын
Posting this comment from Shanghai - it's just really the regular price you get for the same item you spend 3x more in U.S. I really never order things from retailers like Walmart as they simply do not worth that price tag. This is the magic of mass manufacturing that U.S. used to be proud of. Most products are all made in China and follow the same quality - in fact, exported goods have higher standards than some of the domestic-only products because Chinese need trading and foreign consumers. Since I travel between both countries and stayed on both sides for decades, it always shocks me how expensive the U.S. products are compared to how much they should be priced at. I almost always order from Taobao and it's easy to get shipped to U.S. Saves at least 50% more compared to shopping them around at Amazon, Walmart or Costco. Plus, they are really, really high quality goods, especially furnitures.
@K4R3N
@K4R3N 2 ай бұрын
That online shopping dopamine hit 🎰🎲
@mikeh8416
@mikeh8416 25 күн бұрын
The "I CAN ACTUALLY AFFORD STUFF I NEED" dopamine hit.
@aaronchavez9734
@aaronchavez9734 Ай бұрын
China is experiencing deflation and purchasing of locally manufactured goods has slowed down. It makes sense to create an app that allows Chinese manufacturers to sell excess product to international buyers to survive.
@kimannepark4709
@kimannepark4709 Ай бұрын
What this doesn't cover is how safe is it to shop on Temu? Do they have 30 day easy returns?
@mikeh8416
@mikeh8416 25 күн бұрын
YEP.. INSTANT refunds, and they don't even want the stuff back!! I've had a few duds including a $19 outdoor light that wouldn't charge. Every bit refunded INSTANTLY and never had to ship any back!!
@velious2121
@velious2121 Ай бұрын
Basically, if you can’t pay the overload,google, a fortune for ad spend, you won’t last against the giants. Businesses used to have an option in where they advertised like newspaper, the yellow pages, radio, etc. but now if your ads aren’t on google, you’re a ghost. This is going to kill off a lot of small businesses.
@mikeh8416
@mikeh8416 25 күн бұрын
WHAT small businesses? You mean the ones WalMart destroyed DECADES ago?
@Peekaboo-Kitty
@Peekaboo-Kitty Ай бұрын
Anyone who pressures you to buy based on "Time Limits" will never have my business!
@DC-qn4wz
@DC-qn4wz Ай бұрын
What if it's a steal?
@Peekaboo-Kitty
@Peekaboo-Kitty Ай бұрын
@@DC-qn4wz People who are pressured cannot make rational decisions. I've had such Scammers call me before saying: "You must buy TODAY or else the Special is gone." My reply to them is: "Well then why did you wait so long to call me?" 😆
@Al-Storm
@Al-Storm Ай бұрын
I bought a phone holder there when they first went online, for ~1$... Still works great. You have to know what to get and what to stay away from on there.
@KK-pm7ud
@KK-pm7ud 2 ай бұрын
Their sellers aren't independent
@metaluniverse7489
@metaluniverse7489 Ай бұрын
I love that the add for this video was indeed Temu
@magentika
@magentika Ай бұрын
Never giving them my personal and bank info after privacy issues reported and they fined
@mikeh8416
@mikeh8416 25 күн бұрын
They haven't been fined. AMAZON has. Payments are processed in BOSTON, nobody in China ever SEES your bank info, and if you're THAT worried, there is always pre-paid cards and PayPal.
@magentika
@magentika 24 күн бұрын
Yeah look up UK court case privacy issues @@mikeh8416
@magentika
@magentika 15 сағат бұрын
@@mikeh8416 they buyout the world and ur at home.
@dautube
@dautube 2 ай бұрын
There are things that do not require to be "quality" products. That's where I go to TEMU and when I need quality I usually go to Amazon.
@PeterSedesse
@PeterSedesse Ай бұрын
Exactly. I wouldn't buy a computer from Temu, but a lot of stuff you buy is supposed to be plastic and is obviously the exact same thing being sold on amazon.
@JonySmith-bb4gx
@JonySmith-bb4gx Ай бұрын
Lol .. Is actually opposite
@JonySmith-bb4gx
@JonySmith-bb4gx Ай бұрын
@@PeterSedesse yeah I don't trust a bot like u
@adjskitran478
@adjskitran478 Ай бұрын
This! The first reasonable comment I could find in this section
@vanderley3
@vanderley3 Ай бұрын
Glad someone is adding competition to Amazon
@ju98sy
@ju98sy Ай бұрын
people want cheap stuff because the cost of living in the US became absurd in recent years
@cuteandfunnyearthlings2863
@cuteandfunnyearthlings2863 2 ай бұрын
China have got the supply chain for these temu and pindoudou companies which US can't supply.
@mikeh8416
@mikeh8416 25 күн бұрын
Oh, Amazon supplies all the same stuff, but it's anywhere upwards of FIVE TIMES THE PRICE.
@binish.
@binish. 2 ай бұрын
Next time reduce amount of times the temu box/cover shown. That it self is huge ad.
@richardbaron3921
@richardbaron3921 Ай бұрын
I don’t care how Temu does it……I love it I’m a crafts person, and I can’t get things anywhere at the prices they offer. Hats off to China.
@zachariah7114
@zachariah7114 Ай бұрын
"how" they do it? you know how, human rights violations
@lindamcneil711
@lindamcneil711 Ай бұрын
Note: what is that ap p tracking on you?
@mikeh8416
@mikeh8416 25 күн бұрын
The SAME stuff Google and everyone else does. Pretty simple cure, REMOVE PERMISSIONS...
@oogie493
@oogie493 13 күн бұрын
Google, Facebook, Twitter, Reddit, KZbin, Bing, what's your point?
@mikeh8416
@mikeh8416 13 күн бұрын
@@oogie493 They're afraid the CCP will find out where they went for lunch!!
@SierraGolfNiner
@SierraGolfNiner 2 ай бұрын
You know why I don’t like shopping on Amazon these days? It’s flood with cheap Chinese junk. What is Temu? Entirely cheap Chinese junk. If Amazon focuses on quality products they’ll win in the end because most people don’t want a charging cable that burns up or shorts out after 5 uses. Sure, they’ll try it because is “looks the same” but they’ll learn quickly.
@jetli740
@jetli740 2 ай бұрын
good luck buy Usa brand
@iqbalbhq6884
@iqbalbhq6884 2 ай бұрын
Delusional 😂
@SierraGolfNiner
@SierraGolfNiner 2 ай бұрын
@@jetli740 I didn't say USA brands, I said "Cheap Chinese Junk". An iPhone is made in China or Taiwan, it's not junk. It's the $1 charging cables that have no testing, no compliance, and are made to the worst quality standards ever. Just look at anything popular, then look at the junk Chinese clones, like hoverboards about a decade back - their were quality ones (some made in China) and then there were ones bursting into flames.
@hannesRSA
@hannesRSA 2 ай бұрын
Yes unfortunately listings on Amazon can simply be replaced when reviews are bad. And buyers rate too soon after buying. Basically you end up having to pay double for something with a well known brand, which is unnecessary.
@lisashung9442
@lisashung9442 Ай бұрын
You get what you paid for……it’s fair…….there’re tones of Chinese products with outstanding quality there if you’re willing to pay a bit more……however, if the Chinese products with good quality and very affordable price, then America will complain China’s productivity is over capacity and disrupt America’s market and jobs……like Chinese EVs ……because everything is about ”America First” ……😂
@noizybubble1
@noizybubble1 Ай бұрын
just got a temu ad on this
@sesame88
@sesame88 Ай бұрын
Dammit. Wall Street please tell your video editors to unify the sound volumes throughout the video. On this one, there are sections is so low, then suddenly there's a shouting blast!
@oyayemayafaro7307
@oyayemayafaro7307 Ай бұрын
I wish they wouldn't. The number of ads that pop up is getting obnoxious
@stephenlawson7846
@stephenlawson7846 Ай бұрын
Just check the memory and storage space this app takes on your phone - something is up
@CampLJNC
@CampLJNC Ай бұрын
😧
@Sean-ll5cm
@Sean-ll5cm Ай бұрын
I went to buy some stuff on temu (office supplies) and found identical products cheaper on Amazon Au
@GiggleNuggetsZone
@GiggleNuggetsZone 2 ай бұрын
In this age and date, speed of adoption has shrunk down drastically.
@wholelottamoney4595
@wholelottamoney4595 Ай бұрын
Why shop on amazon when most of the things there are just drop shipped now, thus being cheaper in temu, aliexpress, etc.
@PisithThanasaethsakul
@PisithThanasaethsakul Ай бұрын
Stop lying that your more expensive product necessary = better quality. Most of them are also made in China + Middlemen + Very Expensive Amazon Fee + Ad. I think with the same price apparently Temu offer better quality.
@kenobi69yearsago57
@kenobi69yearsago57 Ай бұрын
I’m British and I agree. I’ve just completed my first year of University at 19 and I’ve managed to save up for a high end gaming pc with a 4k 240hz Monitor thanks to Temu 🇬🇧
@ElectroBlender
@ElectroBlender Ай бұрын
Does China still get subsidised postage rates for that junk they sell ?
@IamLeighton
@IamLeighton Ай бұрын
all importers into the US get the same pricing
@zachariah7114
@zachariah7114 Ай бұрын
@@IamLeighton wrong, untrue, blatantly false
@zachariah7114
@zachariah7114 Ай бұрын
Of course, it's the only thing that keeps the wheels a spinning and the scumbags a grinning
@jonmcclung5597
@jonmcclung5597 Ай бұрын
"But Grandpa, why did they keep buying it if they knew it was garbage?" "Because it cost them little" Conversations we'll have with our grandkids while walking past landfills.
@joeszombiegrrrl
@joeszombiegrrrl Ай бұрын
i havent gotten an amazon order in 2 days in idk how long...they have really gone down hill
@daffyduck4195
@daffyduck4195 2 ай бұрын
I was introduced to Emu last week and in 4 days I bought up lots of goods with no shipping cost. Shopping it felt like Walmart but at Goodwill prices. I was shocked and, sure enough, everything was new. I then did some research that said the company doesn't mind going in the red for its launch as it only wants customer recognition foremost. This kind of promotion is costing the company billions but now it has turn some eyes onto it. It has this customer who purchased $87 of goods from it.
@stoundingresults
@stoundingresults Ай бұрын
And how was the quality?
@torelloBank
@torelloBank Ай бұрын
@@stoundingresults i spent 215 euro , the quality was superb
@Monkey_D_Luffy56
@Monkey_D_Luffy56 2 ай бұрын
It's easier to sell a bunch of cheap low quality products than selling a few expensive great quality products
@malloc7108
@malloc7108 2 ай бұрын
You don't need quality control or research at all. Sounds like something an MBA would love.
@hmmm4950
@hmmm4950 Ай бұрын
they might even from the same factory, while Amazon get those regular ones, temu just wrap those defectives up
@jesusorta7723
@jesusorta7723 Ай бұрын
did u buy something from TEmu?, how do you know their products are cheap and low quality?/
@json_n
@json_n Ай бұрын
It's chinese products. Eastern countries has easier access to China products and its cheap and gets the job done. Now the west is getting more access to this products yet they are still complaining. You get the same product for a fraction of the cost. I have bought a lot of chinese products and they are not bad as they say. Heck most of the products you see are made from China, even iPhones is made from China.
@Thanzin1
@Thanzin1 Ай бұрын
Apple disagrees
@Turkiye958
@Turkiye958 Ай бұрын
I’ve never got a thank you discount card from Amazon and I’m a regular customer since 2010
@davidr4523
@davidr4523 Ай бұрын
Yes Temu has low priced items that looks beautiful online, but in actuality you are receiving a very low-quality item that you can never return based on expensive shipping cost. I do almost all my shopping on Amazon based on the somewhat dependable reviews, tremendous selection and extremely generous free/no hassle return policy.
@akask6458
@akask6458 Ай бұрын
Amazons reviews are not dependable or honest or informative. The system is gamed. However you can return on amazon.
@Sam-kx1qc
@Sam-kx1qc Ай бұрын
Can you give an example where the exact same product on Temu is worse than Amazon? So far I bought over 30 mini tools kitchen items, they are all very promising. One item was not what I expected from the picture so they refunded me.
@lilb07
@lilb07 Ай бұрын
How do you not bring up the De Minimis Value?? Not a single dollar of import tax is charged on any of these items since they don’t meet the $800 value threshold
@tomcullen8367
@tomcullen8367 Ай бұрын
There are no "private" companies in China, there are Chinese Communist Party cadres on every company board. These goods are shipped directly from Chinese warehouses to US consumers with no taxes or tariffs. The CCP massively subsidizes these companies and a lot of the items are made with slave (Uyghurs) labor. The CCP has a strategy to flood our markets (2 million packages a day, est 200 billion a year added to our trade deficit) with subsidized good to destroy our manufacturing. They have done it with electronics, ship building, solar panels, battery's, etc. They are ready to flood world markets with $10,000 EVs. How stupid we were to raise De Minimus from $200 to $800 in 2016. Congress has a bill to fix this. Call your Congressman and demand it gets fixed. Amazon also benefits from the De Minimus loophole, they forgot they are an American company, so they will lobby Congress to leave the loophole.
@tomcullen8367
@tomcullen8367 Ай бұрын
Typical WSJ story, only focused on profits and business, not US National Security.
@housepianist
@housepianist 2 ай бұрын
it just goes to show that people don’t shop for products. People shop prices. It doesn’t really matter what the product is.
@ScottDieken
@ScottDieken 2 ай бұрын
And that's why there are so many s*** products
@Sam-kx1qc
@Sam-kx1qc Ай бұрын
People shop prices for the exact same product. But if there's no such product on Temu, then people shop local for that product.
@housepianist
@housepianist Ай бұрын
@@Sam-kx1qc that’s what I was saying 🤷‍♂️
@wildswan221
@wildswan221 Ай бұрын
American department stores have always sourced from cheap places, reselling to us at super high markups. Now we see news about temu because we consumers can get the items at closer to wholesale prices, so the big brands and retailers like Amazon are crying. Too bad.
@NoobTube4148
@NoobTube4148 Ай бұрын
Same thing for fast fashion.
@xaviernice7548
@xaviernice7548 Ай бұрын
Temu products are cheap because they’re made by Santa’s elves.
@tylersanders2388
@tylersanders2388 Ай бұрын
If by Santa’s elves you mean Chinese children then yeah
@pumelelabanca1442
@pumelelabanca1442 Ай бұрын
99% of products are the same.
@StarDustCrusaders12
@StarDustCrusaders12 Ай бұрын
I love Temu ❤
@rally_chronicles
@rally_chronicles Ай бұрын
I got some cool one touch card holders for a cheap price. Almost half price. 🎉🎉🎉
@StarDustCrusaders12
@StarDustCrusaders12 Ай бұрын
@@rally_chronicles I go the for kitchen gadgets and stuff to organize with
@data.artist
@data.artist Ай бұрын
competition is good to bring exploding price down and to help most average folks save money.
@fredrickonjiko391
@fredrickonjiko391 Ай бұрын
How do they make profit?
@adiposerex5150
@adiposerex5150 Ай бұрын
De minimis shipping avoids taxes, tariffs and customs/import duties Temu also skirts taxes by lower cost goods. Tanking US retail shops that obey those laws are at a disadvantage. Boycott these cheaters.
@Aceman4Ever
@Aceman4Ever Ай бұрын
I just checked out Temu (I live in Germany). I only see trash on this website and 90% is stuff nobody needs ….a sun protection screen for a car steering wheel …. A floor pillow ….teeth brightening cream (which is probably full of banned ingredients) …
@user-yj8zw7hk6f
@user-yj8zw7hk6f Ай бұрын
ahahha thats some crazy market demand right there
@HuplesCat
@HuplesCat 19 күн бұрын
You are crazy! Letting your steering wheel get sun burned 😂
@NadiaYau-ov4kk
@NadiaYau-ov4kk Ай бұрын
Me and my friends just tried to make this label off to help poorer families whom had no sustainable work opportunities I didn’t get anything from it yet but I won 100 percent off my first shop as soon as I chose few things they started selling out so I deleted it
@Hevendemo
@Hevendemo Ай бұрын
Y'all theyre the same manufacturers, amazon upcharges. Mostly all manufacturers are on alibaba including those stanley cups that our popular now. Temu is faster than aliexpress but just a bit slower than amazon.
@jedijooj
@jedijooj Ай бұрын
This shows we really don’t care about the environment and only the company do so they look good
@TheJackfrost88
@TheJackfrost88 Ай бұрын
DID we EVER? all these fake Environmental drives are BS; conglomerates do that to get some TAX HEAVENS nothing more.
@dxd42
@dxd42 Ай бұрын
US lawmakers: Time to sanction Temu 😂
@user-yj8zw7hk6f
@user-yj8zw7hk6f Ай бұрын
no one allowed to fish in their private ponds 🤣
@NestlaysChaulkolateChips
@NestlaysChaulkolateChips Ай бұрын
So weird that now we're calling it "gamify" instead of sketchy practices. Back in the early 2000's, any site like this was considered sketchy or gambling. The site had to pray on your FOMO to make people buy. Because if people actually took the time to look around, they'd realize products were trash.
@lm4836
@lm4836 Ай бұрын
I live on an island. And I don't use Amazon or Temu. But, I'm not a hoarder. I live simply and minimally so that you can hoard. I already have ever I need - sunshine and fresh air.
@CampLJNC
@CampLJNC Ай бұрын
Great, will you share? I'd love some sunshine and fresh air right now.
@Simpaulme
@Simpaulme 2 ай бұрын
How is $10 cheap for a water flask!
@IMAPOTATOZ
@IMAPOTATOZ 2 ай бұрын
The distinct shape of that certain water flask is meant to be a knockoff of the trendy Stanley cup. *That* is a $40 water flask
@stoundingresults
@stoundingresults Ай бұрын
If it's made in china 100% it's carcinogenic materials.
@heyramineni
@heyramineni Ай бұрын
@@IMAPOTATOZ Yes, but you are paying $30 to have a Stanley logo printed on the same cup.
@alexander15551
@alexander15551 2 ай бұрын
The real question is, why is the US postal service still subsidizing shipping from China to US?
@SexyUndisputed2All
@SexyUndisputed2All 2 ай бұрын
Why not? You don't want low prices for Americans? You must be big fan of inflation huh
@overwatch8848
@overwatch8848 2 ай бұрын
otherwise your cheap chinese chunk of trash would be insanely more expensive. 🫣
@graveperil2169
@graveperil2169 2 ай бұрын
they subsidize cheap shipping to the USA consumer, its the USA consumer that prefers to buy from China and not the USA
@alexander15551
@alexander15551 2 ай бұрын
@@graveperil2169 they prefer it because it is artificially cheaper. All I’m saying is remove the subsidies and let Americans compete on an even field
@alexander15551
@alexander15551 2 ай бұрын
@@SexyUndisputed2All you pay for it on the backend, either through taxes or higher shipping costs for Americans
@temper44
@temper44 Ай бұрын
It seems there would be room for a quality focused competitor to TEMU. Higher prices and quality, but still very accessible.
@brendad.c114
@brendad.c114 29 күн бұрын
I've bought items from temu and shein and still do .yes , things u can find on Amazon is being sold on temu and shein . Clothes on shein is pretty good but if it's house hold products or anything that are not clothes related , temu has it and even shein . Either way if you're buying from Amazon , they hike up.the price and items are from China..so what is difference ? All.of our items are from China.
@jasonmelbaus9077
@jasonmelbaus9077 2 ай бұрын
What does Temu's explosive growth say about the American consumer?
@jessy1982
@jessy1982 Ай бұрын
That they're broke and desperate at this point ig.
@sayilu
@sayilu 2 ай бұрын
In short TEMU sells bad Chinese products, Amazon sells so so Chinese products...
@Glorious_Kim_Jong_Un
@Glorious_Kim_Jong_Un 2 ай бұрын
Yes. One is better than the other. And with Amazon, you can be delisted or not anywhere close to where people can find your product if you get high returns or significant negative reviews in most categories.
@mingouczjcz3800
@mingouczjcz3800 2 ай бұрын
They are only different in business models.
@KK-pm7ud
@KK-pm7ud 2 ай бұрын
Don't normalize Temu
@KillenEMsoftly
@KillenEMsoftly 2 ай бұрын
they're the same thing
@mrb152
@mrb152 Ай бұрын
They sell the same products, often using the same pictures. Amazon just also sells more expensive and heavier items that you can't get on Temu.
@tamilmuthu56
@tamilmuthu56 Ай бұрын
That black dress lady is trying something else with her voice 😂😂😂😂
@Wongseifu548
@Wongseifu548 2 ай бұрын
What is Temus margins in the US.....
@mariok-t3198
@mariok-t3198 Ай бұрын
I only buy when I really need something...the e-commerce today is out of control really....
@alexandrugheorghe5610
@alexandrugheorghe5610 2 ай бұрын
We were buying Chinese imported products in Romania once. In the 90s when the economy was s h l t.
@nealrutgerskid
@nealrutgerskid Ай бұрын
Are these products safe based on US regulations like the products sold by American stores and websites.?
@Skadooshboom
@Skadooshboom Ай бұрын
Absolutley not.
@torelloBank
@torelloBank Ай бұрын
products sold by American stores and websites are made in china and south asian countries like bangladesh. so stop being the white moral knight. being hypocrite is useless in nowadays era of social media where one doesnt dependant on tv to see the truth.
@AliEbrahimian
@AliEbrahimian Ай бұрын
haven't heard of Temu before this video
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