Factory Reset

“China has been ‘the world’s factory’ for decades, with made-in-China goods reaching global consumers through foreign brands, shops, or sites like Amazon. And the country has had a vibrant domestic e-commerce sector, with companies like Alibaba and JD.com growing into juggernauts. But recently, Chinese-owned shopping platforms have begun looking beyond China’s borders. Temu joins ultrafast-fashion platform Shein and TikTok’s shopping feature TikTok Shop to herald a new, global era for Chinese e-commerce.” Ahead of the APEC conference, RestofWorld provides an interesting look how China took over the world’s online shopping carts. (Although Amazon still seems to have a few shopping carts in play.)

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