Will Temu kill Amazon? How the Chinese shopping app's rapid growth could crack Amazon's dominance
Temu appears unstoppable. Since the Chinese shopping app launched in the U.S. a year ago, it has become the number one e-commerce app in the country, with downloads skyrocketing 50x from 600,000 to 30 million in just one quarter, according to Bernstein analysts. In contrast, Amazon's downloads have dropped off a cliff, falling 40% in a year. Known for wild discounts and dirt-cheap prices that severely undercut Amazon's, Temu has ratcheted up its ad spend to infiltrate the American consumer, set to spend an estimate $2 billion in marketing in 2023. This week on Tech Check, we dive how Temu has hit Amazon's weak spots to take the country by storm.
Chapters:
0:00 – Will Temu Kill Amazon?
0:58 – The Rise of Temu
3:10 – Amazon’s Weak Spots
5:56 – Race to the Bottom?
7:43 – The Trojan Horse
8:42 – You Pay For What You Get
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Will Temu kill Amazon? How the Chinese shopping app's rapid growth could crack Amazon's dominance канала CNBC Television
Chapters:
0:00 – Will Temu Kill Amazon?
0:58 – The Rise of Temu
3:10 – Amazon’s Weak Spots
5:56 – Race to the Bottom?
7:43 – The Trojan Horse
8:42 – You Pay For What You Get
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Will Temu kill Amazon? How the Chinese shopping app's rapid growth could crack Amazon's dominance канала CNBC Television
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
ARK Invest CEO Cathie Wood: Most car sales will be electric in five yearsCathie Wood on bitcoin ETF: This is one of the most important investments of our lifetimeThe down cycle in semis is going to be deep and long, says Susquehanna's Chris RollandNetflix is looking more attractive as a free cash-flow name, says Evercore ISI's Mark MahaneyVantageRock's Avery Sheffield is finding opportunity in discretionary in this rallyNetflix Q4 earnings on deck: What you need to knowCBS beats EPS by a pennyThree-Stock Lunch: P&G, United Airlines and NetflixHow Red Sea attacks impact global supply chainGoogle pulls back on MoonshotsEarnings can't sustain this rally, says Veritas' Greg BranchBitcoin falls after ETF approvalExpect near-term volatility ahead as economic slowdown sets in, says Hennion & Walsh's Kevin MahnBitcoin briefly falls below $39,000 as post-ETF selling pressure continues: CNBC Crypto WorldWhite House press secretary Karine Jean-Pierre and NSC's John Kirby hold a briefing — 1/23/24Dwayne Johnson on XFL-USFL merger #ShortsSalesforce CEO: Activist investors only want to hear about moneyThe economy has a good solid foundation, and strength will continue: Former Truist CEODwayne Johnson on joining the TKO board and WWE Netflix deal #Shorts3M CEO on earnings: We expect a successful 2024Dwayne Johnson on joining TKO board: I'm sitting at a board that my grandfather and dad helped build