The global e-commerce sector has a new king: Temu.
In just ten months, the gross value of its merchandise rose to three billion dollars and its meteoric growth shook Amazon and other large retailers in the US market.
This is irrefutable: since its global launch, online shoppers’ experienc beats Amazon es have experienced a before and after.
Temu ‘s growth has been aggressive and rapid. Overnight, both East and West seemed to have a new favorite.
There was no longer talk of Amazon, Shein and Alibaba , but of an online store with such innovative features and functionalities that to many it seemed like an offer too good to be true.
Suddenly, the front pages of many media outlets and agencies, such as Forbes, Bloomberg and Reuters , began to be flooded with this type of headline:
“Why Temu Could Challenge Amazon’s Position In The US Market?” ( Forbes ).
“Temu hurts Amazon more than it helps.” ( Reuters )
“Temu takes on Amazon.” ( Bloomberg ).
Temu vs. Amazon: Which one is ahead?
Temu ’s business model is remarkably similar to Wish, Shein and Ali panama phone number list baba , and yet this vast online marketplace from Shanghai has already brutally surpassed them.
It has even set off alarm bells for the former supreme king of e-commerce: Amazon.
Forbes reported in March 2024 that “with 2.6 million fewer users, Amazon could continue to lose customers to Temu.”
The key question is this:
What has been your infallible weapon in achieving such formi foolproof sales strategy for service businesses dable milestones in a relatively short period, especially in the US market?
Growth Marketing has been the critical success factor and has been at the c bw lists ore of all its tactics, campaigns and strategies since its official launch.
Temu has continued to leverage growth marketing and its revenue is just a sample of its abysmal success.
Read on to find out what this e-commerce company has done to generate revenues equivalent to $12.35 billion in just one quarter.
What is the reason for Temu ‘s accelerated growth ?
This online marketplace, whose parent company is PDD Holdings Inc. , was established in the United States in 2022.
Since its inception, it has made sure to connect Chinese sellers with Western customers.