Temu returns to Super Bowl 58 with new commercial

Jakub Porzycki | Nurphoto | Getty Images Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run. The company, owned by PDD Holdings, skyrocketed to prominence last year after … Read more

Amazon courts sellers at China summit as Temu and Shein gain momentum

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is making a fresh appeal to China-based sellers as it fends off growing competition from discount online retailers Temu and Shein, which both have … Read more

Etsy laying off 11% of staff, citing competitive environment

Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline costs against a “very challenging” macro and competitive environment, the company announced on Wednesday.  Approximately 225 employees will be cut from Etsy’s workforce, which will bring the headcount for … Read more

New York is a tech startup hotbed after almost a decade of IPOs

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Albert Wang, a native Californian, moved to New York from Boston with his wife a decade ago and got a job as a product manager at Datadog, which at the time was a fledgling … Read more