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Amazon launching Shein, Temu competitor with direct shipping from China [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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and everyday necessities shipped directly to overseas customers from warehouses in China. The e-commerce behemoth laid out details of the forthcoming new storefront recently in a closed-door meeting with Chinese sellers, according to The Information , which first reported the news. According to the outlet, Amazon told the suppliers it would begin signing up merchants for the shop this summer and begin accepting inventory sometime in the fall. AMAZON TOPS $2 TRILLION, JOINS ELITE TECH CLUB Sellers joining the bargain site can determine their product selection and pricing, and they can produce in small batches to test the demand for any new products they plan to launch, the report added. In response to the report, Amazon told FOX Business in a statement, "We are always exploring new ways to work with our selling partners to delight our customers with more selection, lower prices, and greater convenience." READ ON THE FOX BUSINESS APP CALIFORNIA FINES AMAZON $6M FOR ALLEGED
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