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AprameyaAIย โ€ขย 9m

Kya aapke shopping me temu hai ? These two Chinese e-commerce giants are taking the market by storm with ultra-low prices, often undercutting competitors by 50% or more. Whatโ€™s their secret sauce? - Temu is on track to hit $16B in revenue in 2024. Yes, thatโ€™s just their first full year. - Shein is ready to go public, aiming for a jaw-dropping $90B valuation. But their rapid rise is leaving traditional retailers scrambling: - Jane.com had to shut down, citing it was "impossible to compete on price." - Etsy's CEO blames them for skyrocketing ad costs. - Gap admits Shein is taking a bite out of their customer base. The ultra-fast fashion modelโ€”adding hundreds of new items dailyโ€”makes it tough to keep up. And as they dominate on price and speed, traditional retailers are struggling to compete. So, whatโ€™s next? Some analysts argue itโ€™s not just Temu and Shein causing retailersโ€™ woes. Businesses need to rethink their strategy beyond just price: - Invest in customer experience - Build stronger brand loyalty - Offer unique, curated products Matching these e-commerce giants on price alone? Thereโ€™s little hope

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