eggymachus
@eggymachus@sh.itjust.works
- Comment on pump up the jamz 2 weeks ago:
4′33″
- Comment on Looks like the good times are over for Temu ( and Chinese sites like them) 3 weeks ago:
AI summary:
Temu Just Got Destroyed By The US Government - Here’s The Full Story
The video discusses significant changes to US import rules affecting the e-commerce platform Temu, which has benefitted from the de minimis exemption allowing cheap imports. Recent regulatory updates are likely to increase prices on Temu, challenging its business model and impacting its competitive edge against US sellers. The presenter outlines how Temu has dominated the e-commerce space and the potential fallout from the new regulations.
Key Points:
Temu’s Dominance in E-commerce Temu has thrived in the US e-commerce market with significant backing from PDD Holdings, which has invested heavily to acquire market share despite their substantial losses. The platform has utilized low labor costs in China and the de minimis threshold of $800 to avoid tariffs, allowing them to offer lower prices than US competitors.
Impact of New Import Rules Changes to the de minimis rules introduced by the Biden Administration will require that many products previously exempt from tariffs now be subject to duties, undermining Temu’s pricing model. Sellers must also provide additional information, which could deter consumers and complicate shipping.
Increased Scrutiny and Compliance. New regulations mandate that all low-value shipments under the de minimis exemption meet US safety standards, requiring certificates of compliance. This change targets the influx of unsafe products, particularly children’s items, that Temu and similar platforms have been selling.
Sellers’ Discontent There is a growing dissatisfaction among Temu sellers who face pressure to reduce prices and have recently protested against unfair practices, adding strain to Temu’s business model as conditions become untenable for them.
Future Prospects for Temu With the decline of PDD Holdings’ financial stability and the introduction of strict regulatory measures, Temu’s future profitability is uncertain. The platform may struggle to maintain its competitive pricing, while US sellers are likely to benefit from this shift.
- Comment on New slop just dropped, from OpenAI 3 weeks ago:
what a shining example of unbiased and impartial reporting 🙄
- Comment on A.I. groks 66%-76% faster with data augmentation strategies. 2 months ago:
Thanks for posting, please ignore the stochastic luddites 🙂
- Comment on AI-Music Arms Race: Meet Udio, the Other ChatGPT for Music 7 months ago:
Thanks for posting, don’t mind the downvotes from the luddites :D
- Comment on Making a PDF that’s larger than Germany 9 months ago:
Arrows Pointless
Pick one
- Comment on Can some explain to me how to create a community(subreddit) on lemmy? 10 months ago:
If you’re logged in to lemmy.world, I think you can click the hamburger menu top right and then “Create community”?
- Comment on AI-screened eye pics diagnose childhood autism with 100% accuracy 11 months ago:
Column A: yes Column B: also yes
- Comment on AI-screened eye pics diagnose childhood autism with 100% accuracy 11 months ago:
But it has been peer reviewed? And the criteria have been defined?
- Comment on AI-screened eye pics diagnose childhood autism with 100% accuracy 11 months ago:
The article seems to be published in JAMA network open, and as far as I can tell that publication is peer reviewed?
- Comment on Robbery 11 months ago:
gif.
- Comment on OpenAI investors push to bring Altman back as CEO one day after he was ousted by board 11 months ago:
The board that fired him was that of the nonprofit, so they don’t answer to shareholders.
- Comment on So many posts for Lemmy resources are out of date (ex. apps, communities, addons). Could we have a repository to pull from? 1 year ago:
LemmySee? LemmyKnow? LemmyIn? 🙂
- Comment on World’s first crewed liquid hydrogen plane takes off 1 year ago:
Oh, the humanity!
- Comment on ChatGPT is losing some of its hype, as traffic falls for the third month in a row 1 year ago:
Yeah, that’s what I did. With my very light usage the fixed-price subscription isn’t justifiable, but the api works nicely.