 | From the Editor's Desk
Temu Is Losing Millions of Dollars to Send You Cheap Socks Eight makeup brushes for less than a dollar, with free international shipping, is surely too good to be true. But in the lightning deals section of Temu, the prices are all unbelievable—50 hair bands for $1.17, 10 pairs of socks for $3.87, six lip balms for $0.97.
Temu, owned by the Chinese tech giant PDD, has exploded onto the top of US app stores since it launched last September, targeting cash-strapped Americans with cheap unbranded products shipped directly from Guangzhou, China. In just seven months, Temu’s app has been downloaded 50 million times.
Continued here
TradeBriefs: Newsletters for Decision-Makers!
Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.
Want the newsletters, without the promotional mailers?
Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month.
|
WorkWork
WorkWork Work10 Bad Habits Entrepreneurs Should Stop Doing Immediately  As entrepreneurs, we spend every working day trying to grow our businesses. We spend hours answering emails, making decisions, developing new products, and searching for sales. All of this work in the name of making our businesses a success. Unfortunately, on the road to our business goals we often pick up some bad habits that slow down […] Work WorkWorkIn Provincetown, Mass., a Matchmaker Helps the Desperate Find Housing  Henry Merges, 20, a Brown University sophomore, was so eager to accept a summer internship at the Provincetown Art Association, he briefly considered living in a borrowed camper. Ultimately, though, he turned down the opportunity for lack of housing, moved in with his parents in upstate New York and resumed his job search. WorkFeinstein, Back in the Senate, Relies Heavily on Staff to Function  Annie Karni is a congressional correspondent. She was previously a White House correspondent. Before joining The Times, she covered the White House and Hillary Clinton\'s 2016 presidential campaign for Politico, and spent a decade covering local politics for the New York Post and the New York Daily News. @AnnieKarni WorkBiden and McCarthy Speak by Phone as They Push to Cement Debt Limit Deal  Jim Tankersley is a White House correspondent with a focus on economic policy. He has written for more than a decade in Washington about the decline of opportunity for American workers, and is the author of \"The Riches of This Land: The Untold, True Story of America\'s Middle Class.\" @jimtankersley WorkKen Paxton Is Temporarily Suspended After Texas House Vote  Ilan Levin, 54, an associate director at an Austin nonprofit, stood beside his bicycle arguing with Mr. Paxton’s supporters. He held a cardboard sign that said, “IMPEACH!!!” But he said he did not think the impeachment vote would have a big impact. Work WorkPlans for supermarket price cap on basic food  The rate of inflation can be calculated in various ways, but the main measure is the Consumer Prices Index (CPI) - which tracks the prices of everyday items in an imaginary \"basket of goods\". Work WorkComplications After Delivery: What Women Need to Know  Get help immediately if you have thoughts of hurting yourself or your baby, or if intrusive thoughts pop into your head and you can’t get rid of them. Your regular health provider should be able to provide a referral; you can get more information at Postpartum Support International. Work‘Anatomy of a Fall’ Wins the Palme d’Or  Manohla Dargis is the chief film critic of The Times, which she joined in 2004. She has an M.A. in cinema studies from New York University, and her work has been anthologized in several books. @manohladargis WorkWorkWorkWorkWorkWorkIBM CEO Arvind Krishna points to declining populations to calm fears about A.I. taking jobs  © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. WorkWorkWorkWorkWorkWorkWork'It's a tax on disability': rising UK social care costs force many into debt  A spokesperson for the Department for Health and Social Care said: "Everyone should be able to access the care they need when they need it. Only people with assets over £23,250 are required to self-fund their care - people with assets under this are eligible for state financial support towards their care costs." TradeBriefs Publications are read by over 10,00,000 Industry Executives |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
