Re:Temu Is Losing Millions of Dollars to Send You Cheap Socks
by alephnerd on Sunday August 13, 2023 @02:12PM
(#37112480)
> Slicker AliExpress
Kinda.
It's Chinese owner Pinduoduo is competing at the low value market with Alibaba, while JD is competing with Alibaba on the higher value market.
Pinduoduo is going through the hypergrowth expansion phase right now to compete with Alibaba now that they have become complacent after Jack Ma did some scummy stuff at Ant Group.
Kinda.
It's Chinese owner Pinduoduo is competing at the low value market with Alibaba, while JD is competing with Alibaba on the higher value market.
Pinduoduo is going through the hypergrowth expansion phase right now to compete with Alibaba now that they have become complacent after Jack Ma did some scummy stuff at Ant Group.