Amazon Attacks Temu and Shein's Turf with New Low-Cost Storefront: Report - PDD Holdings ( NASDAQ:PDD ) , Amazon.com ( NASDAQ:AMZN )
Amazon.Com Inc's AMZN rivalry with discount platforms like PDD Holdings Inc's PDD Temu and Shein prompted the former to set strict price caps for merchants on its new low-cost storefront. The Information reports that the price limits, based on messages sent to merchants, include $8 for jewelry, ...
| Ticker |
Sentiment |
Impact |
|
GS
|
Bullish
|
7 %
|
|
PDD
|
Neutral
|
57 %
|
|
AMZN
|
Somewhat Bullish
|
40 %
|
