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Amazon is worried but they can't compete on price:" Amazon executives are concentrating in part on two aspects of their business they believe will continue to give them a competitive advantage: customer trust and fast delivery."
Temu could be a monster in the making.
While I personally don't use them because I don't buy much, and I find the games on their site very annoying, 2 people I know - Americans - one of which is not phone savvy at all - put up with the games on the site because they LOVE to get products at 90% off. It's incredible.
People I know are getting $300 worth of goods for $30. It's pretty incredible. Buying long term calls here. Biggest threat is government action from U.S...but not yet hurting Amazon much..
Just reporte much higher than expected earnings and revenues