Amazon is launching a new affordable fashion section for Chinese sellers, competing with Alibaba and JD.

From Benzinga: 2024-06-27 07:22:51

Amazon is launching a new section for affordable fashion and lifestyle items for Chinese sellers to ship directly to U.S. consumers, competing with e-commerce platforms like PDD Temu and Shein. Chinese e-commerce stocks, including Alibaba, JD, and PDD, are trading lower. The new storefront will offer unbranded items priced under $20.

Chinese sellers have seen over 20% growth in sales on Amazon. Amazon’s move aims to fend off competition from Temu and Shein, known for their low prices on various products. Alibaba’s shares are down by 0.98%, JD by 1.27%, and PDD by 1.44%. AI tools were used in producing this content, reviewed by Benzinga editors.



Read more at Benzinga: What’s Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday? – Alibaba Gr Hldgs (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD)