The platform now loses an average of $30 per order due to large-scale discounts offerings and free shipping, according to the sources.
By comparison, per customer transaction amount of Shein came in$75 in Q2 2022. However, per customer transaction amount of Temu is pretty low, standing at $25. The platform's 30-day repurchase rate is 10%, which is somewhat higher than that of its competitors, and it now has over 60,000 daily active transaction users. Temu's marketing budget for next year may exceed 7 billion, but the exact amount will depend on market conditions, the sources said.
The distribution is similar to the renowned fast fashion e-tailer Shein. Therefore, Pinduoduo, China's well-known budget shopping app, brought its Shein-like cross-border e-commerce site Temu to the US on September 2nd, hoping to grab a piece of the world's largest consumer market.Ĭurrently, Instagram accounts for 30% of Temu's new customer acquisition, Facebook accounts for 30%, Google accounts for 20%, other channel including TikTok, YouTube and more, accounts for 15%. The fast fashion retailer's success story has become a playbook for Chinese e-commerce players to open up overseas markets. Temu, the cross-border e-commerce platform launched by Pinduoduo, has an average daily GMV (Gross Merchandise Volume) of over $1.5 million, Chinese tech news outlet 36Kr reported on Thursday.Īlthough the figure is slightly lower than expectations, the company is upbeat about its growth because Black Friday, the largest shopping festival in North America, is around the corner, the report cited people familiar with the matter as saying.īy leveraging China's supply chain and building a direct-to-consumer model, Shein has taken the world by storm. It currently loses $30 per order due to large-scale discounts offerings and free shipping. meanings of elucidate will be translated.Daily sales of Temu, Pinduoduo’s cross-border e-commerce app, topped $1.5 million - PingWest English 中文ĭaily sales of Temu, Pinduoduo’s cross-border e-commerce app, topped $1.5 million Input a term elucidate by either copy & post, drag & drop, or simply by typing in the search box. This page is an online lexical resource, contains a list of the elucidate like words in a Marathi language in the order of the alphabets, and that tells you what they mean, in the same or other languages including English. Indian Official Languages Dictionary is significantly better than Google translation offers multiple meanings, alternate words list of elucidate elucidate phrases with similar meanings in Marathi मराठी, Marathi मराठी dictionary Marathi मराठी elucidate translation elucidate meaning elucidate definition elucidate antonym elucidate synonym Marathi language reference work for finding synonyms, antonyms of elucidate. Thesaurus: Synonym & Antonym of elucidate Elucidate | Marathi dictionary translates English to Marathi and Marathi to English elucidate words elucidate phrases with elucidate synonyms elucidate antonyms elucidate pronunciations.Įlucidate in Marathi Marathi of translation of elucidate Marathi meaning of elucidate what is elucidate in Marathi dictionary definition, antonym, and synonym of elucidate
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