Amazon more worried about Chinese rivals Temu, Shein than Walmart, Target: report

Amazon’s top brass is now more concerned about China-based competitors Temu and Shein than the Seattle-based web giant’s decades-long battle with Walmart and Target, according to a report.Fast-growing e-tailers Temu and Shein, which offer cheap goods shipped directly from China, are making significant inroads in the US in less than two years — and there are signs it is already taking a bite out of Amazon’s business, the Wall Street Journal reported. Temu grew to 51.4 million users in January from its launch ...