Post by Global News on
China online shopping platform surpass US competitors including Amazon for South Korean Market. (25% of South Korean reported using Chinese shopping site) Below excerpt reported by Jung-a. S. & Davies. C. (2024, March 24). China’s ecommerce groups make inroads in South Korea with lure of low prices. Financial Times 'AliExpress and Temu, the low-priced marketplace owned by China’s PDD Holdings, were the fastest-growing online retail platforms for South Korean consumers last year, although they still trail the dominant player Coupang, a South Korean company despite being listed and domiciled in the US.' 'Chinese ecommerce players have been pushing into overseas markets as growth sputters at home, undercutting the competition abroad with cheap Chinese goods. Temu, which only launched two years ago, has muscled into new territories with an aggressive marketing campaign and heavy subsidies to attract users and merchants to the platform.' To read full article, click here Image from the … Read more
