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Ultra low-cost online retailers Temu and Shein are giving Western retailers a run for their money this holiday shopping season.
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China-founded e-commerce sites Temu and Shein said they would make "price adjustments" starting April 25, though neither provided details about the size of the increases.
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Temu confirmed it would open a warehouse in South Africa, and shoppers were excited about the promise of faster delivery times and improved local service.
With the de minimis loophole closed in the U.S., Shein and Temu — which enable cheap goods to be shipped to customers directly from China — are also serious about Latin America.