Amazon Tries to Beat Shein and Temu at Their Own Game as Online Competition Heats Up

Amazon Tries to Beat Shein and Temu at Their Own Game as Online Competition Heats Up
Amazon employees load packages on carts before being put on to trucks for distribution for Amazon's annual Prime Day event at an Amazon's DAX7 delivery station in South Gate, Calif., on July 16, 2024. Richard Vogel/AP Photo
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Amazon is turning the tables on Chinese low-end competitors Shein and Temu. A couple of weeks ago, the e-commerce giant launched Amazon Haul, a low-cost online storefront that sells merchandise priced $20 or less, with most items under $10. Experts say they see good potential in Amazon’s new venture, but there’s no guarantee of success as the price war in low-end e-commerce intensifies.

“Amazon has always worked to provide customers with the widest possible selection, low prices, and a convenient shopping experience, and we offer more than 300 million products across more than 35 product categories,” Amazon’s new site states. “This wide selection is made possible by our selling partners worldwide who offer hundreds of millions of items in our store.”
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”