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Just because they're new to the US doesn't mean they're new to the game. The e-commerce market in China is ferociously competitive and both companies cut their

Just because they're new to the US doesn't mean they're new to the game. The e-commerce market in China is ferociously competitive and both companies cut their logistics teeth there. Temu is an offshoot of Pinduoduo, a massive Chinese retailer that was founded in 2015. Shein was founded in 2008 and started retail in Europe in the early 2010s.

alephnerd 3y ago
Yep! And not just China - all over Asia. You have Mercari (Japan), Rakuten (pan-Asia), Coupang (Korea), Shoppee (ASEAN), Lazada (ASEAN), Flipkart (India), Myntra (India), Daraz (Pakistan), Haraj (Gulf states), etc on along with known players like Amazon. E-commerce is way more cutting edge in Asia than in North America tbh
- ethbr1 3y ago
  Southern Asia + Eastern Asia + Southeastern Asia = ~50% of the world's population Spread across a tremendously diverse set of cultures and languages, but a much bigger market for companies that grow there.
  - alephnerd 3y ago
    > Spread across a tremendously diverse set of cultures and languages, but a much bigger market for companies that grow there. It's more so the fact that Asian countries still have low margins manufacturers with little to no overhead. I can open a garments or shirt factory with minimal overhead anywhere in Asia, but if I tried opening a Maquiladora here in the US, I'd be facing a 10-20 year federal sentence like those guys who brought Thais illegally to the Garment District in LA in the 90s. All I need is 10 sewing machines, 10 semi-skilled laborers, some consistent electricity, and a bit of cash to pay off the local labor inspector. I def can't do that here in the US anymore.
    - 082349872349872 3y ago
      Maybe it was an exaggeration, but in the 1980's I heard that Hong Kong when factory owners kept full accounting for A/C costs but wages got lumped under "other expenses"?
- RowanH 3y ago
  Went to Bali many years ago. GoJek App - you could get almost anything done on it. Order in food, get your medicines, go book a taxi - you name it, it did it. The convenience was fantastic. While everyone was all up in arms about Uber, this was next level. Probably not super slick to the nth degree, but hellishly functional...
- B1FF_PSUVM 3y ago
  > E-commerce is way more cutting edge in Asia than in North America tbh The Western media bubble is wilfully ignorant, I'd guess mostly out of incompetence rather than malice. I'm afraid we'll be schooled in the future, hope it doesn't hurt too much.

alephnerd 3y ago

Yep! And not just China - all over Asia. You have Mercari (Japan), Rakuten (pan-Asia), Coupang (Korea), Shoppee (ASEAN), Lazada (ASEAN), Flipkart (India), Myntra (India), Daraz (Pakistan), Haraj (Gulf states), etc on along with known players like Amazon. E-commerce is way more cutting edge in Asia than in North America tbh

ethbr1 3y ago
Southern Asia + Eastern Asia + Southeastern Asia = ~50% of the world's population Spread across a tremendously diverse set of cultures and languages, but a much bigger market for companies that grow there.
- alephnerd 3y ago
  > Spread across a tremendously diverse set of cultures and languages, but a much bigger market for companies that grow there. It's more so the fact that Asian countries still have low margins manufacturers with little to no overhead. I can open a garments or shirt factory with minimal overhead anywhere in Asia, but if I tried opening a Maquiladora here in the US, I'd be facing a 10-20 year federal sentence like those guys who brought Thais illegally to the Garment District in LA in the 90s. All I need is 10 sewing machines, 10 semi-skilled laborers, some consistent electricity, and a bit of cash to pay off the local labor inspector. I def can't do that here in the US anymore.
  - 082349872349872 3y ago
    Maybe it was an exaggeration, but in the 1980's I heard that Hong Kong when factory owners kept full accounting for A/C costs but wages got lumped under "other expenses"?
RowanH 3y ago
Went to Bali many years ago. GoJek App - you could get almost anything done on it. Order in food, get your medicines, go book a taxi - you name it, it did it. The convenience was fantastic. While everyone was all up in arms about Uber, this was next level. Probably not super slick to the nth degree, but hellishly functional...
B1FF_PSUVM 3y ago
> E-commerce is way more cutting edge in Asia than in North America tbh The Western media bubble is wilfully ignorant, I'd guess mostly out of incompetence rather than malice. I'm afraid we'll be schooled in the future, hope it doesn't hurt too much.