Spencer Soper, Bloomberg Tech Daily Newsletter, July 5, 2024.
Temu has taught Amazon.com Inc. an important lesson: US shoppers can be patient if it saves them money.
News broke last week that Amazon is planning a low-priced store for apparel and home goods shipped directly to US shoppers from China, signaling that the ecommerce giant is taking seriously the threat posed by discounters like Temu and Shein.
Amazon helped change the way people shop by building a vast network of warehouses designed to stockpile products and quickly send them to customers. That ...
