More headwinds for China's slumping consumer and e-commerce demand today with Walmart's planned exit of JD.com

Plus a fresh suite between suit between the online retail giants TIMU and Shin.

That's the focus of today's tech check with

Dijre Bosa. Hi, Dee.

Hayshymis, Chinese e-commerce companies, they've certainly taken the

American consumer by storm, now they're taking on each other. The latest in the ongoing battle, She

and is suing Rival Tymu, alleging that it stole its designs and built an

empire using counterfeiting IP infringement and fraud. The complaint itself is full of some very big acquisitions

but there was one in particular that caught my eye. It reads this relentless pursuit of

low prices is central to its business model and competitive strategy but its

low prices are achieved by any means. Now you'd be forgiven if you didn't know

which company was being referred to here. The pursuit of low prices is both of their business models and it's really

how they've been able to capture billions of dollars of sales here in the US.

It's that old growth at all costs mentality, that model. Agg aggressive discounts in exchange for market

scale worry about profitability later many get economy companies they use that

playbook team apparent p d d that's already pulled it off and it's Chinese e-commerce business.

So far, T-Moo-Shian, Tik-Tock as well, they've been successful in the first part of that strategy, capturing

market share.

Bank of America estimates that US sales by Chinese

online platforms could nearly triple to $40 billion this year from $15 billion last

year. They're taking share from dollar stores and increasingly bigger players like

Amazon where consumers are trading down. That allure though has led to a race to

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