Amazon planning ultra-cheap site to counter Temu, Shein

The US retail giant is imposing price caps for the first time in its history, regulating how much vendors can charge for their items in order to be featured on the new portal.

“We are always exploring new ways to work with our selling partners to delight our customers with more selection, lower prices and greater convenience,” an Amazon spokesperson told Reuters.

Read More: https://insideretail.com.au/sectors/amazon-planning-ultra-cheap-site-to-counter-temu-shein-202410