{"id":54295,"date":"2023-12-11T18:14:14","date_gmt":"2023-12-11T18:14:14","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/its-not-just-alibaba-temu-is-threatening-amazon-and-dollar-general-too\/"},"modified":"2023-12-11T18:14:15","modified_gmt":"2023-12-11T18:14:15","slug":"its-not-just-alibaba-temu-is-threatening-amazon-and-dollar-general-too","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=54295","title":{"rendered":"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000818818\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        PDD<span>,<\/span><br \/>\n       the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival<br \/>\n        Alibaba<br \/>\n       this year\u2014but investors may be more surprised its gained momentum against U.S. rivals from<br \/>\n        Amazon<br \/>\n       to<br \/>\n        Dollar General<span>.<\/span>\n      <\/p>\n<p>\n        PDD<span>\u2019s<\/span><br \/>\n       Pinduoduo competes against<br \/>\n        Alibaba<br \/>\n       as well as<br \/>\n        JD.com<span>,<\/span><br \/>\n       and has seen staggering growth this year amid China\u2019s economic slowdown, with financially pressed consumers flocking to its budget-friendly alternatives. But its U.S. platform, Temu, which launched ahead of the fourth quarter of 2022, is also making remarkable strides.<\/p>\n<div class=\"paywall\">\n<p>Sales at U.S. Temu have ballooned more than 1,000% in the 2023 holiday season compared with its first full quarter of U.S. operations last year, according to a report this week from market research group Earnest Analytics. Temu\u2019s market share among U.S. discount stores increased to 17% in November from 2% at the beginning of the year, while<br \/>\n        Dollar General<span>\u2019s<\/span><br \/>\n       43% share in November was down from 57% at the start of the year, according to Earnest.<\/p>\n<p>Temu, the new kid on the block, looks like a direct threat to some of the legacy discount names. Look no further than Dollar General itself, which reported grim third-quarter results on Thursday, with same-store sales down 1.3% year over year and operating profit slumping 41%. While the results were ahead of Wall Street\u2019s expectations\u2014and Dollar General stock was up 2.6% in Thursday trading\u2014even the company\u2019s CEO was unimpressed, with Todd Vasos saying in a statement that \u201cwe are not satisfied with our financial results.\u201d<\/p>\n<p>Perhaps more surprising is how Temu may be poking the bear of e-commerce.<br \/>\n        Amazon<br \/>\n       this week revealed changes to U.S. take rates from sellers for 2024, including reducing marketplace fees for Apparel items below $20 and a further reduction for items under $15.<\/p>\n<p>\u201cThis is an attempt to make Amazon more competitive vs low-priced apparel entrants such as Shein and Temu,\u201d Bernstein analyst Mark Shmulik wrote in a Wednesday note. The logic is that Amazon levies high aggregate take rates on Chinese sellers, according to Bernstein, which creates an umbrella under which Temu can offer lower prices.<\/p>\n<p>\u201cHow Amazon\u2019s competitive response to Temu and Shein ramps up from here on will have important implications for both companies and the broader global e-commerce industry,\u201d wrote Shmulik.<\/p>\n<p>Indeed it will, with PDD clearly emerging as a rival to Chinese and U.S. online retail players alike. And the stock market sees it too: PDD stock has almost doubled\u2014up 96%\u2014over the past six months. Amazon shares have risen 19%, by comparison, with Dollar General stock slumping 14% over the same period. Shares in Alibaba have dipped 16% in the last half-year, with<br \/>\n        JD.com<br \/>\n       stock down 27%.<\/p>\n<p>\u201cWe don\u2019t think Amazon\u2019s decision will have a material impact on Temu\u2019s ability to succeed in the U.S.,\u201d Shmulik wrote. \u201cAt a high level, we remain optimistic Temu can continue to contribute to upside for PDD\u2019s share price.\u201d<\/p>\n<p>Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/temu-alibaba-amazon-stocks-retail-dollar-general-372cdf83?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but investors may be more surprised its gained momentum against U.S. rivals from Amazon to Dollar General. PDD\u2019s Pinduoduo competes against Alibaba as well as JD.com, and has seen staggering growth this year amid China\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-54295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too | Prosfunds<\/title>\n<meta name=\"description\" content=\"PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=54295\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=54295\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T18:14:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-11T18:14:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/12\/1702318454_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=54295#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=54295\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too\",\"datePublished\":\"2023-12-11T18:14:14+00:00\",\"dateModified\":\"2023-12-11T18:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=54295\"},\"wordCount\":512,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=54295#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=54295\",\"url\":\"https:\/\/prosfunds.com\/?p=54295\",\"name\":\"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-12-11T18:14:14+00:00\",\"dateModified\":\"2023-12-11T18:14:15+00:00\",\"description\":\"PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=54295#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=54295\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=54295#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too | Prosfunds","description":"PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=54295","og_locale":"en_US","og_type":"article","og_title":"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too | Prosfunds","og_description":"PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but","og_url":"https:\/\/prosfunds.com\/?p=54295","og_site_name":"Prosfunds","article_published_time":"2023-12-11T18:14:14+00:00","article_modified_time":"2023-12-11T18:14:15+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/12\/1702318454_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=54295#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=54295"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too","datePublished":"2023-12-11T18:14:14+00:00","dateModified":"2023-12-11T18:14:15+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=54295"},"wordCount":512,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=54295#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=54295","url":"https:\/\/prosfunds.com\/?p=54295","name":"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-12-11T18:14:14+00:00","dateModified":"2023-12-11T18:14:15+00:00","description":"PDD, the owner of discount-focused online retail platforms Pinduoduo and Temu, has made obvious advances against Chinese rival Alibaba this year\u2014but","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=54295#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=54295"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=54295#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"It\u2019s Not Just Alibaba\u2014Temu Is Threatening Amazon and Dollar General, Too"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/54295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54295"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/54295\/revisions"}],"predecessor-version":[{"id":54297,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/54295\/revisions\/54297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/54296"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}