Temu ranks first in Google Play, but industry insiders are pessimistic about it?

Temu ranks first in Google Play, but industry insiders are pessimistic about it?

Temu has caused a sensation in the German e-commerce industry with its low prices, 90% discounts on goods, and the occasional "weird" products.

 

From hiking boots at €17.59 and folding knives at €4.94 to headphones at €5.28 and cartoon toothpaste dispensers at €0.98, all items can be purchased on Temu, including but not limited to smart watches , clothing, kitchen items and beauty products .

 

Thanks to this, Temu ranked first in the German Google Play rankings, is the most downloaded free application on Google Play, and ranks second in the German Apple Store application rankings.

 

Temu's development here can be described as unstoppable, and the leaders of German e-commerce and related industries have very different views on Germany's future prospects.

Software entrepreneur and business expert Alexander Graf believes that Temu's development will not be a flash in the pan, and the platform has achieved real innovation in supply chain, commodity management and logistics .

 

Kai Hudetz from the Cologne School of Business Research holds a different opinion. In an interview with German media, he said that although this platform has been very popular recently, there are many signs that platforms like Temu will ultimately remain niche markets (niche market in English, highly specialized demand markets in Chinese).

 

Hudetz believes that Temu uses low prices, raffles, huge discounts and artificial supply scarcity as bait to stimulate people's desire for impulse shopping. This approach is effective at least in the short term for certain groups of people, such as those who are prone to impulse shopping, but it is difficult to say whether this strategy will be successful in the long run.

 

He believes that Germans generally do not pursue low prices for goods, but rather reasonable cost performance. However, they are very "picky" about delivery speed and return processing. In this regard, Temu still has a lot of work to do.

 

Gerrit Heinemann, an e-commerce expert at the Niederhein University of Applied Sciences, holds a similar view, calling Temu "ultra-fast fashion with a turbocharger"; however, Temu's development in the United States shows that this speed is well suited to the life cycle of such platform business models, as their half-life is also short.

Temu

Downloads

market

<<:  More than 150 million items sold! Amazon's October sales exceeded last year's

>>:  AliExpress Brazil tax payment service is now online and will increase investment to ensure price competitiveness

Recommend

A new round of strikes at the Royal Mail is coming

It is reported that the Royal Mail will start a n...

With 2.3 million vegetarians, online platform Vejii is expanding into Canada

After seeing growth in the U.S. , online vegan ma...

What is Amazon Care? Amazon Care Review, Features

Amazon Care is an employee benefit piloted by Amaz...

Unable to beat Temu, the "king of volume"! Another US retailer collapses

In modern society, people's consumption has g...

Shopify and mParticle join forces to significantly improve consumer experience

Today, mParticle announced a partnership with Sho...

What is Tink? Tink Review, Features

Tink is a European open banking service platform ...

5 tips to simplify e-commerce operations, sellers must read!

According to InfotechLead , e-commerce is develop...