Temu and Shein pose real threat to Amazon for market share amid new regulatory challenges
Bankinter | New competitors such as Temu and Shein are gaining ground in markets adjacent to Amazon. Temu already accounts for almost 17% of the discount retail market, while Shein’s revenues have already reached $23bn, surpassing companies such as H&M. They also pose new regulatory challenges, amid antitrust lawsuits against Amazon. Despite increased competition, Amazon’s resilience is reflected in the continued growth of its Prime user base, which has reached…