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How China became the world’s shopping cart – Rest of World

How China became the world’s shopping cart – Rest of World

China is no longer just the world’s factory; now, it’s also the world’s mall. As online shopping slows within China, a new generation of e-commerce companies has emerged, with their sights set on foreign customers. Their rise has been meteoric: In the past few years, Shein has cornered the fast-fashion market and is now expanding to sell almost anything; Temu only launched at the end of 2022 and now has 130 million global users; and TikTok is converting its vast user base into online shoppers with TikTok Shop.The rise of these Chinese shopping platforms has reshaped online shopping for buyers and sellers.… 

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