Amazon Plans to Launch a Discount Section on its Website to Fend off Temu and Shein

CNBC has learned that Amazon is planning to launch a new section on its website dedicated to affordable fashion and lifestyle items that will allow Chinese sellers to ship directly to US customers. Amazon fights back against Temu and Shein The move would be an attempt to fend off growing competition from e-commerce newcomers Temu and Shein. The two companies have expanded their presence in the US in recent years, luring customers with their rock-bottom prices on clothing, electronics, household goods and other products. Mail order company...