[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...
How players profit in a world where ecommerce return rates reach...
In a recent discussion with a top live commerce MCN from China, I casually asked “what is the return rate for your category?”
“Guess?” The...
E90 – The Impulso Podcast – Closing the gap with China:...
In this episode of the Impulso Podcast, we leave the studio behind for Can Gio, a district set to become a major economic hub...
Temu parent’s share price drops ~30%: our thoughts
Yesterday (26 August), Temu’s parent company PDD Holdings released its Q2 2024 results. Revenue missed analyst consensus while profit beat expectations.
Stock prices started sliding...
Temu launches local marketplace in Korea and Japan
Followers of Momentum Works newsletter would know that since March, Temu has gradually shifted the focus on its US marketplace: from “full consignment” cross...
Shopee shines in Q2, where have its rivals gone?
Yesterday, Shopee’s parent Sea Group released its Q2 2024 results. The capital markets responded very positively, sending the share price up nearly 12%.
No doubt...
Lazada turns profitable for the first time
This morning (13 Aug), Lazada held a town hall where CEO James Dong revealed that the company had achieved positive EBITDA in July 2024...
