China’s Amazon rival Temu’s good news for buyers and Why it is very good news for Donald Trump

Amazon’s biggest Chinese rival in the US Temu is abandoning the model which it almost built around its business in the country. Temu is changing its business model centered around cheap Chinese imports, aiming to sell only goods from local merchants to American consumers for the foreseeable future. This basically means that Temu is for now abandoning the very business model that helped it become a huge success in the US.PDD Holdings Inc’s online retail website that became a household name in the US after its entry just a few years ago with cut-price items from dresses to kitchen towels. China’s Temu now intends to shift to what it calls a “local fulfillment” model. In an emailed statement to Bloomberg, the company said that it is actively recruiting US merchants and will sell only their locally based merchandise. The change in business model is expected to allow the Chinese-owned company to sidestep tariffs.