Overview

• Alibaba is expanding its cross-border e-commerce operations with a new digital trade service base in Shanghai and additional investment in Lazada, a Southeast Asian online marketplace.
• Amazon is countering competition from Chinese online discount retailers Temu and Shein by establishing an innovation center in Shenzhen, China, and extending its comprehensive supply chain service to Chinese sellers.
• Chinese e-commerce platforms, including Alibaba and JD.com, are broadening their overseas operations, with Alibaba recently acquiring German B2B market platform provider Visable and JD.com expanding and upgrading European warehouses.
• Amazon is courting Chinese sellers at a summit in Shenzhen, as competition from Temu and Shein intensifies. Amazon plans to open an 'innovation center' in Shenzhen and is giving Chinese sellers access to its end-to-end supply chain service.
• Shein, a fast fashion retailer, and Temu, known for its eclectic and affordable product range, are expanding their market presence and attracting Amazon merchants. Shein is preparing for a U.S. IPO, while Temu has gained significant visibility through Google's ad impressions.