Temu receives endorsement from China’s official news agency
Temu, the global arm of PDD holdings, seems to have received an endorsement from China’s official Xinhua news agency.
The article, entitled “From 0 to...
Is ByteDance reflecting on its ecommerce strategy?
Many ecommerce ecosystem stakeholders we spoke to have been puzzled by TikTok Shop’s prolonged focus on profitability this year.
Earlier this year, TikTok Shop reduced...
How to buy an iPhone 16 Pro in Hangzhou, China?
Momentum Works team is in Hangzhou for our immersion: ecommerce and live commerce this week, where we see the “iPhone16Pro” ads all across the...
Temu launches in Vietnam
Temu has launched in Vietnam and Brunei, bringing the ecommerce platform’s number of markets in Southeast Asia to 5.
The ecommerce platform started its first...
H&M opens a flagship store on Pinduoduo, why?
Swedish fashion H&M has opened a flagship store on … Pinduoduo.
H&M became one of the few brands that operate flagship stores on the Pinduoduo...
Retail in China can ‘completely beat ecommerce’: Hema founder
Chinese value retailer Miniso’s US$890 million investment in the country’s 2nd largest supermarket chain Yonghui Superstores certainly raised a lot of eyebrows.
Hou Yi, founder...
[New report] Temu: 2 years on
When Momentum Works published “Who is Temu?” in Feb 2023, the newcomer in global ecommerce was not well known, let alone understood.
By this month,...
A day in Vietnam’s retail landscape: what we have learnt
Momentum Works team recently spent a full week in Ho Chi Minh city. In addition to hosting the “Winning in Vietnam: the most vibrant...
Jack Ma’s message to Alibaba on its 25th anniversary
Yesterday (10 Sep 2024), on the occasion of Alibaba’s 25th anniversary, Jack Ma posted on the company internal bulletin board responding to a message...
Meituan launches in Saudi Arabia, where next?
After months of preparations, Meituan’s subsidiary Keeta officially went live in Saudi Arabia yesterday (9 Sept 2024).
Some thoughts:
We have analysed Meituan’s entry into...
