Daily LInks
1. China’s Pinduoduo to Enter US Market in First International Step: The Shanghai-based company is looking for new growth avenues at a time when its domestic economy is sputtering, and will follow in the footsteps of successful international ventures like Shein and AliExpress. – Read More on Bloomberg
2. E-Commerce revenue to shrink for the first time ever: Supply chain issues is the largest single weakening factor, with inflation also playing a significant part in the downwards revision. The widely expected global recession and subsequent increases in unemployment leave the e-commerce sector significant hurdles to overcome. – Read More on WeForum
3. TikTok turns Costco into a fashion magnet: “I think a lot of people are just really interested in the affordability, the convenience and then kind of taking part of this hype, which is kind of a very interesting phenomenon for Costco.” – Read More on Retail Wire
4. TikTok finds e-commerce success in Southeast Asia as political scrutiny and workplace woes weigh in the West: The SE Asia market has become a key focus as TikTok faces renewed scrutiny of its data privacy policies and as it struggles with retail programs in major Western economies. – Read More on SCMP
5. H&M Aims to Reduce Emissions and Grow Sales—All at Once: Since 2013, it has been collecting customers’ used garments in stores for resale or recycling, but executives say they can’t determine what percentage of those goods has been turned into new clothing. – Read More on the WSJ
