Temu and Shein go head to head

🛍️ Temu and Shein are household names in ecommerce and fast fashion, and their competition is heating up.

Here are the latest accusations of the two giants:

🟧 Temu accuses Shein of:

• Having exclusive contracts with Chinese manufacturers (or being anti- competitive)

⬛️ Shein accuses Temu of:

• Paying influencers to ruin Shein’s brand image

🇺🇸 The US is currently Shein’s largest market, taking 75% of the fast fashion market in 2023. People, however, still spend 20% more on Temu than Shein

AI Ecommerce startup challenges Amazon and Alibaba

💵 VisionAI, a startup in Europe has raised €5M as it builds a platform meant to challenge Amazon and Alibaba.

What do partners shops get from VisionAI?

• 🔎 AI search with image search

• 📦️ Cross selling with recommendations based from buying patterns

• 🛒 Personalized shop applications where items in a cart recommend matching clothes

The cross selling has already boosted the sales of partner shops by 10% and the company already has €1.5 million in sales

Ecommerce demands more E-vehicles

⛽️ Operating costs are a pain in delivery and can take up 10-20% of costs. Electric Vehicles (EVs) however, can save companies lots of money from it. According to Economic Times India, the operating costs of EVs are actually lower than diesel and CNG cars.

🚗 Amazon India has already announced a partnership with Eicher Motors and Buses for 1000 electric trucks for deliveries. Opportunities are also being explored with three wheelers since they move fast but aren’t too expensive