Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com November 13 news, 36 krypton reported last month that Temu sales in the third quarter of this year have exceeded $5 billion (CTOnews.com Note: currently about 36.55 billion yuan), especially in September, when the first anniversary of its launch, one-day GMV even reached $80 million (currently about 585 million yuan).

The US was the first market for Temu to enter and contributed most of the results, accounting for 60 per cent of sales, according to people familiar with the matter.

Nikkei News and data.ai jointly analyzed the number of users and monthly downloads of major overseas e-commerce platforms App.

In terms of overall global users in October, Amazon grew 4 per cent year-on-year, while Temu and SHEIN, two Chinese ecommerce platforms, had about 110 million users, a 2.6-fold increase in a year, approaching 90 per cent of Amazon's users.

In terms of the proportion of global users in the US, Temu is 41 per cent, and Maggie Shein is 18 per cent, both surpassing Amazon (15 per cent), and the number of new downloads of these two apps in the US is now nearly five times that of Amazon.

Take Apple App Store as an example, Temu currently ranks first among shopping apps in the United States, while SHEIN ranks second.

Temu is a cross-border e-commerce platform launched by pinduoduo overseas. It has been launched in a number of overseas markets, including the United States, Canada, Mexico, Australia, the United Kingdom, France, Germany, Italy, as well as Japan and South Korea in Asia. Many of these products are priced at less than 0.90 US dollars or 1 pound, still attracting users at low prices.

In contrast, SHEIN (Xi Yin) is a Chinese cross-border e-commerce giant based in Guangzhou, positioning as an international B2C fast fashion e-commerce company, mainly engaged in women's clothing, but also provides men's clothing, children's wear, accessories, shoes, bags and other fashion items.

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