How Temu Makes Money From $10 Smartwatches From China
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- čas přidán 27. 05. 2024
- Bargain e-commerce company Temu has had a whirlwind 2023.
Quietly launching its app in September 2022, it only took the company a few weeks to top app store charts, edging out Amazon, Walmart and even fast-fashion brand Shein. By February 2023, the 5-month-old company made its TV debut during Super Bowl LVII, airing two commercial spots totaling an estimated $14 million. With an annual advertising budget of about $1.4 billion, Temu is focused on aggregating a user base of nearly 100 million people by year-end.
Temu's popularity is largely due to its ultra-cheap knockoffs. Users can get an Apple Watch dupe for $10, Yeezy knockoffs for $4.99 and gaming consoles for $20. On top of the steep discounts, users are bombarded by coupons, free shipping countdowns, flash sales and discount wheels.
While on its face the company looks to be a Boston-based startup, it is actually backed by a well-known name in the Chinese retail space, Pinduoduo.
"China is really the linchpin in Temu's strategy," said Neil Saunders, managing director of GlobalData Retail. "A lot of the products that are sold on Temu are manufactured in China. They're shipped directly from China to the U.S. So those labor costs compared to manufacturing in the U.S. and elsewhere are really low."
Temu's rise in popularity has also courted scrutiny from the U.S. government, accusing the website of exploiting de minimis shipping rules to undercut U.S. retailers. Under de minimis rules, shipments valued under $800 are not subject to duty taxes and undergo minimal customs checks.
Beyond that, a U.S. House committee accused the retailer of violating U.S. import law by using forced labor to supply its products.
Temu and Pinduoduo did not respond to CNBC's request for comment.
Watch the video above to learn what's behind Temu's success and what could disrupt the retailer's massive growth in the U.S.
Chapters:
00:00 - Introduction
01:47 - What is Temu?
06:40 - Your package is on its way!
11:59 - Your order has been delivered
13:48 - What’s next?
Produced by: Devan Burris
Edited by: Kevin Heinz
Camera by: Brad Howard
Graphics by: Alex Wood
Supervising Producer: Jeff Morganteen
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How Temu Makes Money From $10 Smartwatches From China
Looks like CNBC bought their mic from Temu too
⛔they talk about human rights, natl security, and privacy risk. The US kills millions every year, the US gov spy on everyone in the world, and google, meta, amazon, apple share your data to everyone, and huge US corp avoid taxes ..pay ZERO! ok when the US does it. But, NO one else can. Hypocrites!
Yes,agree,shocking articulation too.
She just have very annoying voice ,can't imagine somone living with her
Hilarious comment. Lmao
I was looking for this comment before saying the same thing. Tinny sound.
I didn't get the slogan "shop like a billionaire", but then i kept watching and they said how Temu breaks laws and doesnt pay taxes. Now it totally makes sense 🤣
😂🎉😂🎉since the USA govt is warning not. I'm going to download Temu! THE USA commits genocide every year with wars, sanctions, enslavement, and looting! There goes their human rights argument!😂
F U Tim Cook. He made hundreds of billions in bonuses.. Aple paid 0 taxes, make products in China, India, and Vietnam with lower labor costs and no labor laws. Same with Nike, gap, H&m, etc...
All USA Corp cheats the system.
The USA using national security. ... Qualcomm, Intel, Amazon, Google, Meta.... they have trillion dollar contacts with CIA, Pentagon, nsa to spy on the globe! They are a privacy threat..... these Corp share your info to others and govt! Duhhhh!
Bravo Temu....at least we don't over pay! I can save money and retire early.
... LIKE A BILLIONAIRE! I LOVE a temu ad came on during this PROPOGANDA piece! 🎉🎉
Most USA Corp pay 0 taxes! Or way less than you DO! That's OK With you? 😂🎉
My favorite comment of the day 😂😂
@@seymorefact4333yep like jeffy baldie looks like big bird on sesame street
*Jeff Bezos laughing in the back
How a 16 min video fails to answer the question in title
Thats most videos on youtube now
You search a how to video for something real simple and get in return a 12-20min video
And at the end most of them fail to answer the titled question 😂
They're making money
@@luissolano101because the longer the video is the more money they make
They kinda did ? At 9:30 they explain that since the parcels are cheap - > $800 they don’t have to pay tariffs , thus the savings are passed on to them, then to us
They did. They use forced labor and they avoid paying tariffs.
Audio is awful, it sounds like it was recorded with a laptop built in mic. I would expect better from a major network
They use teemu products
😂😂😂😂😂
The women voice sounds like a high schooler.
"So that 10$ smart watch is most likely to come from a factory in China"
Like every other smartwatch on the market...
That was the exact thought that went through my head when they said that.
😂
Even our cell phones and computers
Temu is owned by PDD Holdings, a company founded in China that has been credibly accused by members of Congress as being linked to the Chinese Communist Party. Congressional investigators also believe Temu is illegally selling products made by forced labor in Xinjiang, where the Chinese Communist Party is committing genocide against the Uyghur people. Uyghur peoples who are imprisoned and enslaved in concentration camps are being forced to create much of Temu’s goods.
😂😂
The irony of getting a two Temu adds while watching how Temu works
Same here...
You guys don't use CZcams premium ??
you pay for youtube? cringe@@labdleo5485
@labdleo5485 lol no why would we use that garbage? CZcams Premium is just a scam
Lol yeah.
I had never heard of Temu before watching this video. You guys have given Temu an additional 1.1M new users. I hope they paid you for this free extensive advertising.
It’s interesting how the government keeps saying companies like shein and temu have an unfair advantage over other COMPANIES by shipping things under 800$ to avoid paying tariffs BUT they don’t say that it’s the CONSUMERS who benefit from this since these companies are able to make things more affordable for the everyday people, WHILE abiding by the law. If the government has problem with this, then hey just lower the cutoff! They write the game rules anyways. It’s very easy to see whose interests they have in mind 😃😃
What’s important is the world gets better, people suffer less because of cheaper products from china that give them better lives than ripped off products at the same quality.
Of course, they're not going to talk about the good for customers. Because they're focused on the bad for themselves. I truly don't care about these apps, I 100% believe that American apps are stealing data from us as well. Mehta definitely knows too much about me!
If an American company did this, they would be on tv saying: “we optimized our operations to maximize shareholder value and believe that small government and fewer regulatory hurdles are the key enablers for value creation. Our mission is to bring the lowest prices to the consumer market place. Tariffs create an unnecessary hurdle that presents friction for the consumer and we strategically have bypass this and return value to our clients in the form of savings.”😂
You are well schooled in marketing speak. Here’s your 🏆 sir.
Geeze that is impressive
😂 You're either an investor relations professional or a writer for SNL or The Onion! Either way, your answer's correct! 😎✌️
America just boasts while China just does
Exactly.
they even say ¨What is Temu doing with your data¨ like... dude , Did u even know what amazon does with all the data?
The fact that China can produce an actually functioning smart watch for less than 10$ is absolutely insane.
That's the price of a handheld toy, not something with a microprocessor inside it.
It could be the worst smartwatch ever. But for 10$? It's a tech marvel.
that 10buck include international shipping, now thats insane
What you are seeing is the west being intimidated by Chinese tech. "It's trash, that's why it's so cheap so don't buy"
Meanwhile we continue to buy overpriced stuff from Amazon that breaks in 2 months....but it's Amazon so no one bats an eye. Just buy another one.
If I can buy a $300 smartwatch and you can't then I look better than you but if you can now buy one for $10 and it does half of what mine does, now I'm not so special am I?
the insane thing is people buying 'the real one' for 50x more
@@jackli6592 they seem to avoid that... the cost is US mail distribution and they have international agreements for in country...
@@g.s.5868 I mean even apart from the brand tax, there are a lot of things that brands have to take care of - replacement, warranty, customer service, service centers, advertising. They all cost money. These Chinese good don't have to do any of it. But even then the whole package in 10$ is absolute insanity.
this was just the best Temu ad to date. im ordering a smartwatch now
Recorded with a Temu microphone?
They just single-handedly gave Temu at least a million new users.
That was kinda point of this video, they get paid too
Orange logo and big white letters Marketing genius
Even makes me hate Temu even more🤬🤬🤬🤬
@@angelamilton5134 What's wrong with it? I've spent hundreds on the app, it's great 🤑
Bought a pair of jordans with temu for only $17. I'm not lying. Dead serious.
Temu is doing to the USA what Amazon has done to the rest of the world
Without the billion of $ in countless grants & tax exemptions Amazon insists on simply to set up base in a new place
China owns Temu and are only do harm to USA.
Not really, Amazon in Asia is hardly felt.
@@aydapadistudio in Asia, China hold the monopoly. No idea about Amazon JP though
Hahahaha Europe n US do not make up the "rest of the world"
I like that for immersion you used a microphone from Temu
The secret of temu's cheap goods is that they directly establish a relationship between factories and consumers without intermediaries to make price differences. And the same products can only reach consumers through multi-level dealers and retailers on Amazon.
It's what they claim, not what they really do. mainly because no one is willing to disclose ditching taxes and running sweatshops.
They put those camp 'inmates' to work...
actually they screw over the factories and force them to sell at a loss. good for us not good for the factories.
The thing is, the average consumer do not care about tariffs or politics if they can save some money. If you want people to stop shopping there, you need to make a more convincing case.
Ok commie
And this is why i hate people. I cant wait for the world to end.
...Plus there's no actual evidence of "genocide" and "forced labor" in Xinjiang or in the rest of China.
U.$. government, politicians, NGOs and media ...are spreading disinformation and xenophobia.
No nationalism is enough for Asian or middle eastern countries. It’s just the west that has such horrible populations
Just ban it citing “Amazing risk against National security”
The more interesting question is "How does Apple convince consumers to purchase $400 Smartwatches that cost the firm $26 to produce?"
Apple products are a reap off.
Let US citizens enjoy cheap electronics and goods which are comparable to branded goods.
😂😂😂 baaaa baaa 🐑🐑
$26 to produce each unit but the cost of Research and Development is where the price tag is. Engineers work for years tinkering with hardware to make smaller, thinner, faster chips. They make up this huge cost with the Apple price tag.
China reverse-engineers the stuff and produces knockoffs. They don’t have to spend money on R&D.
Snob appeal, and FOMO
@@user-xj2kz4iz4sYes, President Xi! We hear and obey!
I like how Wish doesn't get nearly as much of the criticism that Temu and Shein get even though they do the exactly same thing. Perk of being an American company I guess. Same with Vine and TikTok.
Wish is also an "American" company. The difference between Temu and Wish is that Temu is pushing hard. Really hard. Tons of money is being pushed towards getting grabbing western users.
Aggressive advertising is a warning sign for me. I don't like being assaulted with marketing.
They bludgeon you with ads
Okay, but as someone who buys from both Amazon and Temu- everything sold on Temu is also sold on Amazon for double the money. Just sayin’
Indian Americans in order to pursue
model minority status
are throwing fellow
asian borthers
under the
Where do you think Amazon and Walmart get their products from? Same place
F==kin *DING‼️*
(wondering when someone else was going to point that out!)
Lol that’s so true. You get what you pay for regardless of platforms.
everything from temu is VERY VERY FAKE COPY
@@von8295how did you do that?
That's fantastic.Using a fiduciary will also benefit you. At the start of the year, I gradually increased my stock purchases, but nothing significant. Why am I being so harsh with this? Even though others in my sector make six figures per person, I want to be the first member of my polygamous family to earn a million dollars. I am well aware of the expenses involved with putting in longer hours to earn more money.
If the market has taught me anything, it's that it usually makes a comeback, but I can't seem to concentrate on the long term, especially because important things like my retirement and my reserve are having a disastrous impact on inflation. I need a solution and a data trajectory that I can trust as soon as it is practicable.
@@AnnieBeischel Currently, the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
In fact, I'm not sure whether I'm allowed to mention this, but I'd advise looking up "Stacy Lee Decker" because she was a big deal in 2020. She oversees both my portfolio and serves as my mentor
@@Adrianjacek-she was arrested for securities fraud last month
Lol @@patty109109
Can't blame Temu, it serves its purpose to the other side of humanity well. At least, it doesn't go to the extreme in pretending to be some brand name then charges people 20 times what it actually costs to produce.
It aims to capture the "sinking market".
Temu is nice and all, but don't forget to read the app's fine print. It grants them access to virtually everything on your phone.
@@MrReubenTishkoff I put "No permissions granted" and it still works fine.
@@quasicesium Knowing who we are talking about, I would not take that as a guarantee data isn't being siphoned anyway...
I’d like to buy products that are produced in US with the same price like Temu. But do I really have any other options? I mean products on Amazon are also made in China.. Come on
You will never ever find stuff made in north america for the same prices as chinese junk.
So you'd like to pay the same for items made an affluent nation as for those made in a country with no national minimum wage? Sure, and I'd like to make millions of dollars sitting on my ... chair. But neither is going to happen.
slave labour and there you go.
@@hurricane9851 Chinese made products such as furniture, kitchen appliances, I can bet most American people or companies have even forgotten how to produce them. Not to mention setting up the factories and the supply lines..
@@calmbbaer products made in US and EU are non competitive, not only due to higher worker wages, but also too much red tape. and bureaucracy in doing business. It is like bribing multiple levels of gov't just to set up a medium to small size business. I would not invest money into building any sort of business in the USA, even though I live here.
How is Temu "skirting the law" when they are essentially in compliance with the law? The law says anything under $800 isn't subject to import duties, most products they sell fit that category.
does big business buy media? instead you should pay $800 for a watch when you can get a $10 generic from china that works exactly the same
CNBC fake news is trying very hard to discredit Chinese companies, that much is obvious.
@@badinstinctsCZcams-xb3oj "skirting"? Please name what laws they are breaking and where and how.
@@RealROIU.S.-China Economic and Security Review Commission (.gov)
www.uscc.gov › filesPDF
Shein, Temu, and Chinese e-Commerce: Data Risks, Sourcing ...
@@RealROI that has the specific laws, but consumer safety, slave labor, copyright infringement, and the "skirting" of tariffs and customs inspections
🎯 Key Takeaways for quick navigation:
00:00 🏈 Introduction to Teemu's Super Bowl Ad Debut
01:10 📱 Teemu's Aggressive Promotions and Low Prices
02:37 🛒 Teemu's Rapid Rise and Advertising Budget
04:55 🌐 Teemu's Connection to Chinese E-commerce Giant Penduo
06:17 🏭 Supply Chain Advantage and Low-Cost Model
07:42 🚫 Challenges with Xinjiang Region and Import Laws
09:26 📦 Exploiting De Minimis Rule and Customs Control
11:15 🌐 Concerns About Teemu's Cybersecurity and Data Usage
12:30 ⌚ Review of a Teemu-Purchased Smartwatch
14:22 🛍️ Teemu's Potential for Social Shopping
15:42 📜 Teemu's Future Amid Regulatory Scrutiny
Made with HARPA AI
Thank you..
YOU DA MVP
TEMU offers what ppl want, I need a “smart watch” at work that I am not afraid to lose or break it. It works well and cost leas than $10. The previous watch costs over $ 130 but in the garbage can, I remember to replace the proprietary watch band did cost me 40 dollars.
Well for me , none of what i bought from ali or temu worked properly or lasted longer than max several weeks.
@@user-hc9hs4qs9y I might have made fewer purchases than you, two smartwatches and a few other items. The watch, with its mediocre instructions, led me to believe that one of them might be defective. The affiliate carrier associated with TEMU caused me the worst nightmare, prompting me to cease any further purchases from them.
They talk about trash. How about all the stuff we /stores throw away in dumpsters. Perfectly good stuff they ruin on purpose.
When I first started my wholesale business in the US, my import used to be less than $800 per shipment. But after doing my math, I would have a unit cost of at least double than if I had imported a larger shipment. Which only makes sense because the larger your shipment, your unit cost goes down. This use to be a competitive advantage that US based sellers have against foreign sellers on sites like Amazon and eBay. Now, I'm seeing warehousing/fulfillment companies offering storage space for bulk imports from manufacturers from China so that Chinese sellers/manufacturers can now ship directly to American buyers and compete directly with American sellers.
Disgusting isn't it? I haven't shop on any of the above mentioned stores ever or in over a year because of the many things they are doing to American based businesses.
This is just how capitalism works. Compete or file for bankruptcy
its really nice, you can get something for your girlfriend and make her happy for $0.99 lol I'd take the deal over the $40 flowers here@@millennialodyssey5956
it was all by design too which just adds salt to the wound ….
@@millennialodyssey5956But it was the American Bankers who funded these endeavors! For the record, the Banksters also financed the 3rd Reich 80 years earlier 🧐
American Businesses don't give a hoot about Americans, they only value the greenback 🫡
Goes to show how much brands and companies fleece us with their regular prices. The profit margins they make is outrageous.
After a certain point, yes. But with platforms like Wish and Temu you're essentially transferring the cost of production and shipping to the poor sods working in sweatshops and the ridiculous idea that shipping from China should be subsidized because of some archaic law. It's a completely unsustainable business model and an environmental disaster.
@@keaixiaomeinv
But doesn't Apple also produce their goods in China?
@@mikerobberts9998 There's a huge difference between a modern Foxconn factory outside of Shenzhen and a sweatshop in rural Henan. It's like comparing the Brompton factory in London with a moonshine distillery in Romania.
@@mikerobberts9998 They are now in India, but even when they were in China they didn't have the sweatshop model. They didn't have to pay and provide for employee wages as though the plant was in US jurisdiction but it was a good living until COVID and they locked them down on their campus. I have no clue what their conditions are like in India now.
Luxshare ICT, Apple Watch's major assembler, has production lines in China and Vietnam and has shipped from Vietnam since Apple Watch 7.
Just placed my first Temu order after watching this CNBC report
First purchase was dirt cheap. 3 purchases later...rewards were not honored and prices are 30 to 50% higher than U.S. retailers.
Not falling for it anymore.
Just to note, although it says "based out of Boston" in their website, Temu is actually a fully owned subsidiary of PDD which is legally in Ireland and registered in Cayman Islands.
CNBC should be more careful with their research
...so no china anywhere?!
@@TENNSUMITSUMA international business works in funny ways.
Do note that PDD was originally based in Shanghai but they moved to Cayman Islands relatively recently
@@imonbanerjee2997 it’s kind of a six in one hand half dozen in the other situation. They are still a Chinese corporation regardless of their “official” location. This move was probably an effort to appease US regulations/regulators. One should take extra precautions to protect their data when using Temu.
@@TENNSUMITSUMA see my response to @imonbaerjee2997.
China still own it. Where they base they operations are company is for tax purposes only. 🙄
Can CNBC please show Amazon's import duties on minute 9:20? We are comparing e-commerce marketplaces, so that would be a better comparison. Amazon's marketplaces also host merchants based out of China. Thank you.
Would go against the narrative so they wouldn’t show
虚伪的媒体。报道对自己和赞助有利信息！
Yeah but Amazon helps the feds big time.... First time in the sausage kitchen, eh?
As much as I hate Amazon, they're a hell of a lot less sketchy than Temu is.
@@KILLERONROADTemu gives me that toxic chemicals in kids toys kinda vibe. And if I see another Temu ad I think im gonna go ballistic, you cannot go a day without seeing it
“So what is temu doing with your data? Well anyway we bought a watch and thought the box was nice”
I JUST SAW TEMU AD BEFORE WATCHING THIS 😂
I bought the same item from Walmart at three times the price from TEMU.
Walmart is probably buying from Temu .
@@ganeshdoreyup. Temu just allows the consumer to skip the middlemen
If Amazon is too dumb to trim their middlemen .. then they deserve to go out of business
It probably came from the exact same factory in China too
temu selling point is free delivery without having to pay for a monthly prime membership.
For now..
But it's all cheap Chinese knockoffs.
@@vectoralphaAI They also have expensive brands, you can choose what you want, but I doubt these Americans can buy it because of national security.
But they dont have Clarkson, May and Hammond
So...in other words...we are getting products worth 200 dollars when in reality the cost 1 dollar to be manufactured....
Without talking about Xinjiang, those scholars don't know how to talk about a Chinese firm. LOL
Just to think how Americans are helping Chinese economy so directly is beyond me.
China and the US are like a match made in heaven. A perfect symbiotic relationship. One produce and one consume. Can't we all shake hands and be happy 😊
I agree with you 100%
No, because China wants US death. Want to replace US dollar. When that happens, US people will have not much money to buy. Chinese would have all the money.
You are mistaken. china doesn't allow you to believe in heaven
You mean Excessive Consume and Dirt cheap exploiding production? Are you happy with some Uygur slave-child has to work 7 days a week So you can buy cheap and almost worthless trash which you will most likely throw away after some time?
Products are a lot cheaper to manufacturer than the average person knows.
Why not say that more than 70% on products on Amazon come from China?
Temu from app point of view...is aliexpress rebranded.
C'mon, who green lighted this? Tf is up with the audio?
was thinking the same thing.
Same - horrible audio. Maybe the microphone came from... Temu.
An online shopping platform tha allow the manufacturer set the selling price to sell directly to the consumers without a middle men, genius. It's a win win for everyone.
It's not a *"WIN"* for Americans losing jobs (therefore not earning money TO SPEND) as China is manufacturing and selling 50% of the imports coming into this country while *avoiding* paying the tarrifs that protect fair competition from American manufacturing companies and the people who buy bread and butter with their paychecks from working at these American companies.
Well technically temu is the middleman but they do shorten the process of manufacturing, warehousing, distributing, and retailing the products. Temu would literally just be like brokerage for a manufacturing company/companies.
Good for everyone but your local economy...
Well technically what you are describing is the current State of Ebay and to some extend Amazon. @@luisdiaz8474
@@wisico640 My local economy? USA produces none of those!!!
Lol got ads for Temu while watching this
You thought TikTok was stealing your phone data? Welcome to TEMU.
The most impressive thing to me is how cheap they have managed to get tech that even 10 years ago would be remarkable and 50 years ago would be magic.
My experience from AliExpress, that you get what you pay for. BAD QUALITY
@@kikiiza3379i haven't yet and have spent over 500 dollars that would have cost me 3xxx in brick and mortar stores, and 15xx between amazon and ebay!
😂🎉😂🎉since the USA govt is warning not. I'm going to download Temu! THE USA commits genocide every year with wars, sanctions, enslavement, and looting! There goes their human rights argument!😂
F U Tim Cook. He made hundreds of billions in bonuses.. Aple paid 0 taxes, make products in China, India, and Vietnam with lower labor costs and no labor laws. Same with Nike, gap, H&m, etc...
All USA Corp cheats the system.
The USA using national security. ... Qualcomm, Intel, Amazon, Google, Meta.... they have trillion dollar contacts with CIA, Pentagon, nsa to spy on the globe! They are a privacy threat..... these Corp share your info to others and govt! Duhhhh!
Bravo Temu....at least we don't over pay! I can save money and retire early.
... LIKE A BILLIONAIRE! I LOVE a temu ad came on during this PROPOGANDA piece! 🎉🎉
@AdoraTsangi trust you asian lady
@@kikiiza3379what scam? Where are the evidences?
The truth is that an Apple Watch is way overpriced and this just confirmed that it can be made cheaper maybe not at 10 dlrs but not as much as they say it does.
@@mikhaillastname8719 crazy how everything is "trash" to y'all because it doesn't have the brand label on it that YOU approve of.
If hard working people want to spend their money on whatever THEY want to, why do y'all care?
It's not even about the manufacturing costs, it's about the development and management costs. When you buy an Apple product, you supposedly buy the best gadget that could possibly be made for you by the best people to make it. When it comes down to it, though, yeah, seems like they could make some cuts.
well they have to pay crazy salaries to their employees like engineers . they make like 250 k to start. they are part of the same tech culture like twitter used to be . they had wine on tap like soda pop. free lunches with chef cooked meals etc. it's apple customers that pay for all that.
Not at ten dollars, no. The costs of the finished products from OEMs are even lower. After all, the ten bucks smartwatch has to take into consideration the shipping costs and temu commission.
Actually they are okay with $8, as long as you give your data to temu.. Apple at least keeps your privacy and has updates as long as you can remember.. and also, keep in mind that temu is a fashion watch, apple is a tool watch..
I dnt see anything out of ordinary, its jst agressive and clever business and marketting. Every company n every country does the same.
Wait, let me download temu n check for myself, thanx for the heads up
If the product is free/very cheap, the chances are you are the product.
I think a lot of this push back is, in the back of their minds, politicians know we have a competitive problem and use alternative narratives to avoid just acknowledging that AS the root of the problem. Back in the 50's, Japan had a reputation for shoddy goods. They improved quality and offered better prices. Even in the 70's, Japanese cars were not the thing they are now. In the 80's you got that Gung Ho movie (with Micheal Keaton in it, a 'pop' reaction) as we struggled this with what's an identity crisis in where the U.S. stands in manufacturing. The torch is passing still and will continue. I expect India will be the next push-back as they are a rising technological power as well. What's ironic is a LOT of what we've preached to these countries regarding manufacturing that's made them so competitive are things we've failed to follow through on ourselves (complacency).
THIS. 💯
China and India have the power of amount of people, indians are not smart, i have worked with them for years. Their culture is to scam people, even when getting job, for every good worker there are 1000 that dont know nothing.
The US never had a reputation for quality goods. India is not a "power" in any sense. 70% of its families earn less than 150 USD a month, and it ranks near bottom in most human development indices. Unless India invests in its population, its demographic dividend will remain a mirage
No. Literally none of this. Wage slavery and zero environmental practices explains China. That's it.
I’ve lost so much in the past 8 months from failed economy and banks,Real estate crash,depressions,stocks,dividend,you name it
What a terrible year it is...
Out of curiosity I ended up buying 4 pair of shoes, 2 pair of jeans, 2 dresses and a few kitchen gadgets. The chemical smell from the shoes and clothes were awful. The quality of the jeans wasn't bad but I found the cotton style dresses were sub-par material. Not soft after washing them. I didn't expect top of the line, but my curiosity is now satisfied, I don't plan to get anything else from them.
They only sell China made cheap knockoffs.
Some of these items ended up on Amazon through sellers. I bought a swim suit that gave me stomach pain when ever wind hit me. There was something wrong with the material. It felt like gall bladder attack. At first I thought it was me, but then I realized it was whenever I put on the swimsuit. Its better to feel and see the fabrics or keep to known name brand. I will never buy online clothes again. I don’t know what chemical was on it, but it was physically causing me pain.
@Miss_Sylvie Wow that's wild!
@@christendenise220 It is nonsense.
Yrp, bottom of the line from china.
Audio quality feels like it was recorded off an very old laptop
This video forgot to mention that Temu, like the rest of Chinese marketplaces, leverages subsidized UPU postage rates (40-70% lower than regular rates) for underdeveloped countries (isn't it ironic that in order to get subsidized shipping the second economy of the world claims to be underdeveloped?)which is why shipping from China is dirt cheap but if a dissatisfied customer wants to return the products to China then they would need to pay the full international shipping price as US is a d developed country and doesn't get subsidized shipping.
This is totally untrue. I requested several times for Temu products returning. The process is not only easy, but totally free for me.
@@nexcenent.3331it was true a year or two ago. Now they know they need to make the investment to make returns easier
Pinduoduo, the mother company for Temu is a Private Company and they make obscene amount of profit in China alone. Pinduoduo is not a strategic business. Why on Earth would the government subsidize a private company like Pinduoduo?
All western countries, are paying for Chinese shipping to all of us. Undercutting our own business.
We are paying them, to destroy us.
subsidized shipping. did you pull that out of your a**?
They might not pay duties or regular shipping rate but they pass the savings directly to the consumer instead of keeping them as profit. Meanwhile the local retailer might pay their fair share of taxes but their prices are tripled or more for the same product. We need companies that compete fairly and responsibly and also not gouge the general public.
Not gouging the public will never happen. Thats corporate rule #1, get as much money as possible.
Can't have it both ways with Capitalism
But these products are made from slave labor
Not to forget the local retailer has the fixed expense salary rent utilities insurance etc etc
@@nitinmirpuri3313 exactly. There is so much more expense when adding an international warehouse alone.
Consumers dont give f*** about tariffs, we been getting overcharged from America companies,so we don't give a f' we appreciate Temu..4real
Word
It's okay for us to make 💩 wages, while our companies and CEO's make bank. If we don't get off our a$$es and push/vote for these things to stop. It will continue.
😂😂😂😂😂😂❤
Ah, yes, overcharged by those American companies who have to do things like pay living wages to their workers. Screw that! It's so much better to funnel our money into China so that short-term we can save money. Who cares what happens long-term?!
you're ignorant because allowing a company to skirt tariffs and run domestic business out of operation will only lead to your getting poorer.
To be honest i have never been disappointed. I know where its coming from. sizes fit and as described products.
Xinjiang is an excuse to say ’Please buy from Amazon’
Great video I ordered 30 items for $130 last month it came in 2 weeks and I was surprised at the quality of all products.
So how were the qualities of the products?
Its good and cheap
Child Quality labor
Sad
@@rogermendez7266Chinese children are required to study long hours by their parents, ain't have time for child labor dude. 😂
@@rogermendez7266 Amazing people have these 1980s/90s attitudes to anything produced abroad.
it's like saying no to products from china due to human rights concerns, but then being totally fine with moving to a place like viétnam,indía where human rights aren't a big deal, to keep making the exact same thing. 🌍🏭
.
true
lol typical american ignorance. are you seriously comparing china to democracies like vietnam or india?! or do you think all third world countries outside the west have poor human rights?
hilarious coming from the usa where your biggest company amazon forces its workers to slave in warehouses and pee in bottles!
You make a very sad depressing but fair point. 🤔😓
as we all view this from our American made iPhones
We can forward packages from China to US or from US to anywhere for $5.69, and goods arrives in less 16:23 than 7 days. Depending on size, packaging and product finial destination.
I literally got 2 temu ads back to back 😂😂😂watching this
Every time I see a Temu ad I think of Portlandia's 'Instant Garbage' skit.
That's what is called flash sales, so of those quick ecommerce companies are not for the sake of long term projects, Temu will burn once real competition starts and major countries starting to ban the app, just like Wish which did the same business model as Temu and is not ending well for Wish either.
So Temu is like the Lazada/Shopee for the US
While here in Asia, we are just starting to get Amazon.
I wonder if Temu comes to Asia what will the impact be ?
@@Abebil3 nothing really, its basically like ali express lazada.
everything from temu is VERY VERY FAKE COPY
Downvoted
Amazon will have a tough time to compete with Lazada and Shopee.
CNBC trying it best to highlight any negative about TEMU. Have CNBC received payment from bigger brands as they are worried about expansion of TEMU??
Thanks. Just placed an order
Temu is giving Amazon and eBay a run for their money.
no
@@isthattrue1083 No what? explain you point of view.
lol
No way temu is all cheaper Chinese stuff. Amazon eBay deals with big box names and branded products
So... Temu is just Wish, but with a better marketing budget and more modern UX...
I had a feeling this was the case.
Exactly. How is different than Wish or Shein
"modern" UX. Wut lol
Wonderful video!
We're over-vilanising Shein or Temu, but in France, when I need a kitchen accessory or a bathroom organizer, I won't necessarily go to Ikea or local supermarket and pay 30€ or so, for an acrylic or "bamboo" organizer, when I can get the very same thing for 10€ or less from Asian e-commerce. Whatever you can get in UE, it's made in China but eventually assembled in the Netherlands...
The quality is the same, but the price is more pocket friendly, especially in the recession.
As for the quality, let's just say that everything will break if you don't take care of it or if it's made to be repurchased.
And also what you can find on Amazon for 26€, you'll find for 6€ on Shein, sooooo.....
We are sheep 😢😂😂
Not really.
Freedom of choice.
“To most people on the street, it just looks like an Apple Watch.”
The LAST reason I bought my Apple Watch was because of what other people thought. I bought it for its functionality. I couldn’t care any less as to what it looks like.
Fr lol, Apple Watches can be as cheap at $150, it’s not really a fashion statement or a bragging right. What matters is the function of the watch
For a lot of people it IS a bragging right, and they love to show off how "wealthy" they are. It's just the world we live in, the poorer you are the more you want to convince others that you aren't
It has less function than a majority of other premium smart watches on the market. I still don't think it even has a swipe keyboard to type normally like on every other device.
If you have an Android phone, most of the Apple Watch's features are useless because they don't mesh well. If I want a watch that looks expensive as a conversation piece, I'll get a $400 Chinese Tourbillon mechanical watch. Plus a small fitness band.
That's weird since Apple devices have the lowest cost-effectiveness of tech out there. They're overly expensive with lack of functions that cheaper devices have. Hence the common thought process is that people must buy an inferior product only because it's popular.
Xinjiang makes less than 1% of the products in China but from CNBC, it has become 99%.
If you are buying a $10 smartwatch from China then you deserve to get your information stolen 😂😂
Smartwatch, smartphone, or almost any device, app or online account gives away more of your personal data than you'd want people to know.
"Give me a paid news story that's really just a Temu ad without telling me it's a Temu ad"
It just proves that how high the profit margins are for most companies
not really, because, the chinese government pays for the losses of TEmu, because TEMU is chinese gov company. similar projects by the chinese gov companies are running in south africa as well, with the goal to undermine local, regional african businesses and with success which means many shopowners went bancrupted. its instabilizing local companies. and china attacks now western world, europe and usa as well with same goal, to instabilize economy.
its not bargain, you pay with instabilizing and bancruptcy of own economy. temu was located in china but when too many people saw through, they located cooperation in usa as well. its the chinese project to attack western countries and exploiting africa in the end
I bought $200 worth in 2023. I think my purchase from Temu will be around $60 in 2024.
Temu returns policy is excellent for now.
This video's audio sounds like it was recorded on a beat up iPhone 4s in the stall of a midwestern community college bathroom.
Bahahahaha
The way things are going, Temu may become one the last places where the average person could afford to shop. Stopping it may severely limit what the average person can afford.
My thoughts exactly.
That's why CNBC is snitching , and crying about it. Their advertisers are mad about being exposed. Walmart has been ripping us off for years.
Yes, Pinduoduo has created a miracle of rapid growth in China, because it is only here that people realize that money is really valuable.
Gotta keep that liquidity within the motherland homie
Just wait for an EMP to hit. You'll wish you hadn't helped put the local stores out of business! 😊
I don't understand how anyone can buy this landfill stuffing more than once.
You don’t understand a lot of things of this world; and yet the world functions with or without you
The economy in USA is a driving people to use Temu. The prices are going up so much a person can't help, but get drawn buying the low cost items especially people with low incomes.
Eh, i bought a $10 smartwatch from Ebay 10 years ago. This is nothing new.
Critics like to say Temu products are cheap because they are low quality, and a lot probably are. But what they don't want to admit is that many of the products on Temu have no equivalent versions ANYWHERE ELSE in the US. I go to Temu for the unique and creative selection, not the price which will probably rise higher after the teaser stage.
Exactly. The good times and cheap prices arent going to last forever so Im stocking up on the essentials that I know Im going to need down the road like; party/cake decorations, gardening supplies, first aid equipment (splints, etc.) and so on because I refuse to be gouged by local corporations.
In actual capitalism, a price point is a reliable narrator of the item's worth. Not so in petrodollar fantasy lands, where everyone wants "a bargain": free lunch. Essentially legal loopholes to allow stealing when others pay the price.
And have the backbone to cry that it's jsut "fair" to get the "market" price in their fixed gamble market. Exploitation yesterday justifies the same range of prices today, and forever.
Me too. I got this unique dead hanging Halloween rat.
@@sboinkthelegday3892 Have you ever been on Temu, 🤡? Just like a grocery store chain, some items are cheap and others are not to offset the cost of selling those cheaper items. Its up to the consumer to be savy and decide what best to spend their money on. Clothes for me on Temu is hit or miss, but for house stuff, they are great because they have items Ive never seen on sale in my city. I like the variety in their storage items. I live in an apartment so that comes handy. You dont like it, dont shop there. End of problem.
You are going to be blown away when you see the diverse selection from Japan
Most people recognize that anything free or too cheap, is making money off your data. Unlike the pharmacy or bank, at least we're getting something. The USA needs data protection laws, drafted by privacy advocates and not big business. Ha. Until then, nothing is better.
As if American companies are angels and wont steal your data. Cmon.
Although I do think more people are becoming aware of "if its free you are the product" business model. It's still not widely known among the large majority or they have general apathy towards their data.
You really reckon your personal data worth that much?? I mean personal data is personal and is of a lot of money but apparently not that much in this case like say $10 for data from only one customer. Only data from tens of thousands customers would make sense. Clearly what you are claiming doesn't apply in this case
Yea they sell your banking info on the black market
@@Collinsv8 That was maybe relevant 5-10 years ago. Even your paid subscriptions are selling your data now.
I don't have the Temu app, I shop through my computer. I don't have the Amazon app either, for the same reasons. Not only that, but I've been shopping on Amazon since it was just books. Most things on any shopping site can be traced to China. This is not about oppressed people, it's about wealthy business, missing out on profits.
Temu is actually supported by the consumers including those media, politicians and govt who like to buy bargain goods, which is in fact human nature.
Temu is capitalizing their business on this human nature.
When you can't beat them fair and square, ban them
it is called free market 🤣
😁🤣😂😂👏👏👏👏👏👏👏
@@NotOnlyLiveOnce
Not really.
PRC gave conditions for operating inside their country ... But Fb, Google, etc... failed or refused to comply.
Everyone knows U.$. government has unwritten policy of overthrowing the CPC by whatever means possible !
@@NotOnlyLiveOnce China didn't ban them, China just put a big beautiful wall around internet , some people and officials from China use Facebook and Twitter ,CZcams, with VPN. If they comply the Chinese government's rules like Chinese companies do ,then they can operate in China,but probably lose international markets and face huge backlash from their own governments . its pretty genius for tiktok and temu set up two versions for each markets .
@@NotOnlyLiveOnce when we reserve ourselves to china, we already lost. just like someone said "Hitler did it" doesnt make it right to do it.
I bought some household items like a wheeled storage bin and a dishsoap pump dispenser. Packaging was awful I was surprised the items were not damaged, but, I am very happy with my purchase and the dispenser was cheaper and better quality than what I could pick up at Walmart or TJ Maxx. Will probably buy more of the same because of those reasons. No I wouldn't buy clothing or electronics from Temu, but plastic household items, absolutely.
Oh you would be surprised of the surprised 😂
As long as its not food storage or baby items or pet items. Hell ya. But woth lax regulation, there could be toxins in the plastics. Laundry hampers and toilet cleaner. Ya go for it.
you think they have FDA in china? there probably using super cheap toxic chemicals to create those items. If you buy from a famous u.s brand i doubt they will ruin there brand by using toxic chemicals atleast your getting something somewhat safe or can even sue the company if they use illegal chemicals to make it.
Apart from the plastic things, I bought lots of smart switches, USB switches etc and they work very well. Later I did find the same thing on Amazon, it's more than 50% cheaper
The clothing items aren’t anything worse than what you get at Walmart
I got TEMU ad during watching this vid😂
this is literally an e-com carbon copy of Wish. I don't understand why this is such a big deal????
The U.S. NEVER mentioned anything about the EXTREMELY HIGH profits made by the American importers, wholesalers, and retailers through global sourcing. Temu's advantage doesn't rely on labor cost or tariff, which won't make that much difference from other type of international trading. The real savings come from somewhere in-between. For instance, a shoe at FOB $3.00 turns out to be $9.99 on the shoe racks of discount stores, or even $15.00 in the department store. Where did that $6.99/$12.00 go ? The retailer's cost is usually only half of the selling price. In-between, the additional charge goes to American importers and wholesalers. China has only earned the smallest fraction of the whole chain, as the Amercian buyers are over-too-good at "killing" the price. It is the U.S. importers, wholesalers, and retailers who have grown their EXTREMELY HIGH profits ever since outsourcing in China. As people of God, it's really a shame for being a burglar while pointing China as a thief.
Temu loses money. They sell overstock trash that can't get sold in mainland China or to other companies.
Yeah - I guess when you have to pay employees an actual wage, pay for full price postage and real taxes its considered "extremely high profits".
The 50 cent army is waiting for you, wumao.
OK Hop Sing
Are you a large language model?
this is stupid, they provided local job and was part of next gen capitalsm move, temu is a bad bussiness model for usa
Never heard of Temu. It sounds like a competitor to Amazon. Anybody who takes on the behemoth, is doing a good thing.
Slavery is a good thing because you don't like Amazon?
lol almost all things form Amazon are also from China..@@AIP404
Well not if you doing it even more "evil" then Amazon. They purposely undercut the Market so much that they LOSE Money for now. Just to establish themself and hurt OUR western Economy. Amazon still bad though.
Actually Amazon started like this with Books. Undercut the competition to drive People out of Business even if its not profitable in the short Term. Once a Marketplace is big and mighty they can DICTATE the Prices like they want.
Yes why not cheer for a crap Chinese company
As an American, I want to live the Chinese Dream
Temu is the underdog to expensive retailers in the USA. The US retailer is about constantly increasing their profit margins and fleecing the consumer. As of today, I have never purchased from Temu or purchased directly from any other Chinese company - but I’ve no doubt there are safety issues with the quality. Consumers of these sites are not questioning the quality, workmanship, and potentially hazardous materials or the workers working conditions of the products purchased. Not to mention, what kind of malware or permissions granted for downloading these apps to your phones. What is a consumer to do?? Not buy!!! The American government needs to do better and bring back manufacturing- that will be a rude awakening to pricing to the consumer always wanting to pay less and less for products. Crazy. No easy answer.
As asian, I always avoid stuff that insanely under price (cheaper) than the normal price tag. It's easy to find cheap thing around here yet it's hard to find company that care for our health, I'm even to go to Eco friendly.
There's a lot things that can harm for our health from dangerous material yet they can get away with it because it's not consumable. And yes you can find $10 watches, that should be only strap band price. If you have to buy something make sure to know what campany from, what material they used, and there's product number. Some company here start to realize some smart consumer and they tried to used safe material and added QR code for authenticity. Please use this type of product.
And always remember the rule when buying things, sometimes the cheapest ended up being a cost more.
the thing is...in America, you might be paying 10x for the same item. The American CEOs just kept the profit. You can't really compare prices from china vs pricing from America. The later includes management's bloated salaries.
YET they still come from CHINA
@@txJoJo55 is better to buy quality products from China than to buy bad products from China. Aka doing research is a must
Waiting for the reupload lmao the audio is scuffed
Temu is just Michael Scott Paper Company in disguise
After all these ads, still haven't bought from Temu!