Let's Talk About Temu and Shein, The Fast-Rising, China-Based Retailers Threatening U.S. Mainstays
Alex Kantrowitz
Founder of Big Technology | Tech Newsletter and Podcast | CNBC Contributor
Hi everyone, I'm sharing a quick note this week as we get back in action following Memorial Day weekend. On Big Technology Podcast, Ranjan Roy and I spoke with New York Magazine contributing editor John Herrman about Temu and Shein, the fast-rising, China-based retailers that are threatening mainstays including H&M and Amazon.
This conversation illuminates a massive, hidden trend that's growing just out of sight. I learned a ton, including how online retail is evolving and how serious labor issues lie underneath all the cheap stuff we can find online. We also start the podcast with a conversation about NVIDIA , so you can find the latest about the world's newest trillion-dollar company.
You can listen on Apple Podcasts, Spotify, or your podcast app of choice.
Also, don't miss my conversation with Google Bard director Jack Krawczyk , also live in the Big Technology Podcast feed.
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Tomorrow, I'll be back on the feed with Bobby Allyn of NPR and Ryan Mac of The New York Times. We recorded at NPR in California, and it was a blast. Subscribe to get it first.
Insurance Coverage & Fraud Attorney, Grammarian, Logophile, AI Explorer, and Angler @ Mura Law Group, PLLC, Buffalo, NY. (I'm the one with hands in the background photo⬆, not the other animal.)
2y"Fast Fashion and the Uyghur Genocide: Interim Findings" Report of the Select Committee on the Chinese Communist Party, released June 22, 2023: https://selectcommitteeontheccp.house.gov/sites/evo-subsites/selectcommitteeontheccp.house.gov/files/evo-media-document/fast-fashion-and-the-uyghur-genocide-interim-findings.pdf Read and be aware. About Shein and Temu.
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2yQuite disturbing to hear you happily talk about buying stuff from Temu that doesn't work 75% of the time. It's not only about labor cost/conditions but also about the negative effect on the environment. Boasting this type of business on your platform doesn't help. Focusing on the market perspective and impact on Amazon for example makes sense but we shouldn't be happy at all about this trend. This is non-value add to society.
SEO Expert, Social media marketing, Influencer marketing, lead generation B2B Service proved
2yhttps://www.fiverr.com/janimia/be-your-social-media-manager-and-sales-associate-content-creator-professional
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2yVery interesting. Thanks for making us aware of Temu and Shein.
Award winning creative arts photographer and educator
2yI would just point out that H&M are actually based in Sweden.