By Dhwani Pandya MUMBAI (Reuters) – Reliance Retail has launched an app in India to sell fashionwear from China’s Shein under a licensing deal, almost five years since Shein’s app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning,…
Consumers are relying more on shopping apps for personalized shopping experiences. Retailers are trying to meet the growing demand for digital commerce, allowing shoppers to browse and buy products easily from any location. PYMNTS’ Provider Ranking of Shopping Apps offers a comprehensive look at the shopping apps that are excelling in this competitive landscape. The…
Temu tops 2024 Apple App Store downloads, surpassing TikTok and ChatGPT in popularity. The Chinese e-commerce app offers big discounts on a wide range of products. Americans appear to be exploring budget-friendly options through in-app deals. The App Store favorites of 2024 include social media platforms and one popular AI assistant, but the most downloaded…
Vietnam has recently ordered both Temu and Shein, Chinese cross-border shopping platforms, to suspend operations, following a similar move by Indonesia. Analysts say businesses and officials believe the Chinese platforms pose a significant threat to local small- and medium-sized enterprises, forcing authorities to take countermeasures. VOA Mandarin reports that more countries are expected to roll…
Chinese-developed mobile apps are increasingly gaining global market share. Think TikTok, Shein, and Temu to name just a few. Last year, the top-grossing apps globally were Chinese-developed, including TikTok, Honor of Kings, Genshin Impact, and PUBG Mobile, earning over US$1 billion in revenue. The growth of Chinese apps overseas is particularly noticeable in the gaming sector. In…
The European Union has launched an investigation into Chinese online marketplace Temu, under suspicions that it is not cracking down on the sale of illegal products and that the platform’s design is “addictive” for users. The investigation comes under the European Commission’s Digital Services Act, a powerful instrument that gives it sweeping powers over online…
The Rise of Shein: A New Force in Fashion Retail In May 2021 and again in January 2022, Shein app downloads exceeded those of international e-commerce giant Amazon, according to Chinese-language news daily BJ News. While, Reuters reports estimated the company may have generated about Chinese Yuan Renminbi CNY100 billion (US$15.7bn) in revenue in 2021…