Temu VS. Shein – Winner Take All? 11/28/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 28 November 2023
⏱️ 11 minutes
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| 0:00.0 | The owner of e-commerce site Timu, Pined Wodu posting some very strong quarterly numbers, |
| 0:06.9 | just as its rival Sheehan files to go public. |
| 0:10.4 | Today, investing in the future of online shopping and which winner may take all. |
| 0:15.0 | It is Tuesday, November 28th, and this is the Tech Check podcast. |
| 0:21.0 | I'm Deere Treposa. |
| 0:22.0 | And I'm Mark Gilbert, Timu and Sheehan are Chinese e-commerce giants that are taking the American |
| 0:27.6 | consumer by storm seemingly limitless options at extremely low prices. |
| 0:33.6 | D, this is one of our favorite topics, |
| 0:36.2 | and there's news today on both of these. |
| 0:38.8 | You know, it feels like we can't do enough on these companies |
| 0:41.6 | because they're really just expanding by leaps and bounds here and I would say |
| 0:46.0 | your description somewhat generous Gilbert. Yeah yeah the other the other way you could |
| 0:50.7 | describe them as sort of unending piles of junk delivered to your door. |
| 0:55.0 | At bargain, basement prices, or for cents in some cases. |
| 1:00.0 | But let's start with Pindujo because this is the Chinese internet giant that owns T-Mu, |
| 1:05.7 | the e-commerce platform that operates here in the United States. It's not called T-Mu in China, |
| 1:10.2 | it's called something else, but it's T-Mu here. |
| 1:12.4 | And Pindu-Duuil reporting, or we'll call it Pdd, too, as many refer to it, in the markets here. That's its ticker symbol. |
| 1:19.4 | Reported some really strong growth numbers this morning, and that sense shares rocketing higher. |
| 1:23.4 | Last I looked they were up nearly 20%. And so we also got the news over the last few days that |
| 1:29.3 | she in is preparing to go public and list here in the United States. |
| 1:33.6 | So it makes you wonder, sort of, |
... |
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