How Shein, TikTok and Temu Are Taking on Amazon

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 9 February 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon has long been the biggest online retailer in the U.S., offering customers low prices and quick delivery times. Now, competitors like Shein, TikTok and Temu are looking to beat Amazon at its own game. They’re building up their U.S. logistics operations. Shein and TikTok are even opening offices in Seattle in an effort to poach talent from Amazon. WSJ reporter Sebastian Herrera tells host Alex Ossola about these moves—and whether they could be enough to unseat Amazon. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	36,000. The number of businesses which have upgraded to the number one cloud financial system, Net Suite by Oracle.
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0:30.5	That's Net Suite.com Wall Street.
0:34.0	Welcome to Tech News Briefing.
0:39.0	It's Friday, February 9th.
0:41.0	I'm Alex Oscela for the Wall Street Journal. Coming up on today's show,
0:45.8	do you feel like you're getting more notifications on social media that have nothing to do with you?
0:50.8	You're not imagining it. We'll find out why social media companies are embracing
0:55.1	this trend from W.S.J. Personal tech reporter Dalvin Brown. And then US customers
1:01.1	are turning to She-In, Tik- Talk, and T-Moo for their online shopping, in part due to super low prices.
1:07.0	Now these companies are building up their U.S. operations and they're coming for Amazon.
1:12.0	W.S.J. reporter Sebastian Herrera operations and they're coming for Amazon.
1:13.0	W.S.J. reporter Sebastian Herrera tells us how these companies are expanding into Amazon's backyard
1:18.5	and even recruiting its employees. But first, you open up Facebook for the first time in a while.
1:27.0	Hooray, you have a notification.
1:29.0	Maybe someone posted on your long abandoned wall, but no. Instead, a local business created an event that
1:36.0	Facebook thinks you might like to attend. Notifications like these aren't just popping up on
1:41.0	Facebook. W.S.J. Personal tech reporter Dalvin Brown
	...

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