Breaking News
The EU has launched formal proceedings against Temu. The EU commission has voiced concerns that Temu is failing to efficiently prevent the sale of illegal or counterfeit products on its platform. Suspended products have been re-appearing on Temu within days of their removal, the comission criticizes. The Guardian
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The figures for the 3rd quarter have started to pour in. Amazon relased impressive results, eBay‘s reports were mediocre but slightly optimistic – and Etsy‘s were a full disaster. About Amazon eBay Etsy
Shein has opened its C2C second-hand platform Shein Exchange in Germany, following its previous start in the US, France and UK. In the US market, the exchange platform already sports over 4 million users. Nevertheless, the platform has been repeatedly attacked for “greenwashing” by environment organisations. t3n
News from behind closed doors
At last week’s Marketplace Convention, Temu refused to answer questions on stage; but the representatives were a little more open in a separate breakout room. David Cikanek visited the session – and wrote down all feasible information. LinkedIn
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