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Temu is an online marketplace operated by the Chinese e-commerce company that has a reputation for very cheap labor PDD Holdings, which is owned by Colin Huang. [10] [9] [11] It offers heavily discounted consumer goods [12] mostly shipped to consumers directly from the People's Republic of China.
AliExpress (Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [2] [3] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.
Since 2013, China is the world's largest e-commerce market. [2]: 99 Its domestic e-commerce market was an estimated US$899 billion in 2016. [3] China accounted for 42.4% of worldwide retail e-commerce in that year, the most of any country. [4]: 110 In 2019, online retail sales were 21% of China's total retail sales.
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Chinese leaders in search, online dating, and apparel e-tail are growing yet trading at forward earnings multiples in the teens -- or less. Something has to give. 3 Incredibly Cheap Chinese ...
In 2003, eBay acquired Eachnet, China's online auction leader at the time, [7]: 51 for US$180 million. It became a major contender in the Chinese consumer e-commerce market. [8] Responding to eBay's moves Alibaba launched Taobao as a rival consumer-to-consumer platform. [7]: 51 To counter eBay's expansion, Taobao offered free listings to sellers.