Amazon asks Chinese sellers not to offer cheaper prices on Temu [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
rival platform Temu , according to several sellers, amid intensifying competition from the aggressive budget retailer owned by mainland e-commerce giant PDD Holdings The local office of US-based Amazon recently informed the managers of some top-selling Chinese brands that they should not list identical items at a lower price on Temu, merchants said. It comes after the US retailer started tracking product pricing on Temu. Sellers whose Amazon listings were found to be more expensive were kicked out of the Amazon Featured Offer programme, according to a merchant who sells furniture on both platforms and declined to be identified for fear of reprisal. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. A Featured Offer, also known as the Buy Box, is prominently displayed at the top of an A
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AMZN
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- 10/31/24 - Beat
AMZN
Sec Filings
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