BEST OF 2023: TEMU’S THREAT TO AMAZON 12/27/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 27 December 2023
⏱️ 11 minutes
🧾️ Download transcript
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| 0:00.0 | The rise of Timu and could it kill Amazon? |
| 0:03.2 | How the Chinese shopping apps rapid growth here in the US could crack Amazon's dominance. |
| 0:08.0 | It's Wednesday, December 27th. |
| 0:10.0 | Welcome to the Tech Check podcast. |
| 0:11.5 | I'm Deirdreboza. |
| 0:12.4 | And I'm Markerejubosa. |
| 0:12.5 | And I'm Mark Gilbert. |
| 0:13.4 | Today, if you found some cheap off-brand gifts |
| 0:16.4 | in your stocking, maybe they were bought off of T-Mill. |
| 0:19.5 | The app owned by Pinedwo Duo |
| 0:21.4 | has shot up in popularity this year D. I have to think it's one of the biggest |
| 0:25.6 | phenomenon in the internet sector. |
| 0:27.8 | You gave me some ideas. We're recording this a little ahead to bring you sort of one from the |
| 0:32.4 | archive and now you've got me thinking |
| 0:34.1 | maybe I should buy some gifts on Timu so I'll report back but of course Timu is this |
| 0:38.7 | mix of heavily discounted goods it's an app that feels like a casino, constant prizes, discounts, |
| 0:45.2 | opportunities to spend the wheel for more prizes than discounts. |
| 0:48.9 | And we did a deep dive into Timu, Sheehan, and Tik-Tox |
| 0:52.8 | e-commerce efforts and how Chinese apps |
| 0:55.8 | are wooing the American consumer. |
| 0:58.2 | Take a listen. |
| 0:59.2 | Timu. It's time for another T-Moo Hall. A once little-known Chinese app, |
... |
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