How does Temu even ship overseas at that price?

How does Temu even ship overseas at that price?

First of all, the pricing system is interesting. A seller who sells goods on the Temu platform is a weekly bidding system. Temu is not involved in the price, but a company that sells similar goods every week bids weekly to see the price, and the company that sells for a week sees the price and decides whether to lower it or give up. After all, every week, sellers have difficulty determining their prices. In China, such a system is sometimes criticized as a Somali pricing system.

China and overseas are separated, but there is no warehouse to ship or load goods as a platform for selling low-priced goods in China. There is only platform.
(The name is also Pinder. It's not Temu. Temu is only overseas..)
The founder is from Google and is said to have started with the belief that there is a low-cost market to start a business in China by collecting seed money. At that time, when everyone in China lived to some extent, Hermes bought mangoes when the rich and the mango were cheap at 1 won. It started by saying that cost-effectiveness is an instinct, and it is said that it became the basis for success.
The feature is that there is no fee for seller. In Korea, Coupang is about 10-20%, and so are other shopping malls. Naver is cheaper, but I know it is 7-8% and it is difficult to generate sales unless you participate in your own advertisement

But there's zero commission here. What do I make money from?
Carrot advertising and data sales. Advertising is location exposure. Data is providing data on how to sell well to the company that sells. It is providing sellers with a variety of analytical data to provide a way to increase sales. From a seller's point of view, you'll want to post it on the unsold Pinder platform because there's no fee...

After that, they made Temu for overseas expansion, and now it is sold in 50 countries. In the United States, it is said that 100 dollars (not accurate) is tariff-free. Considering that it is a daily necessity.. Temu is all under 100 dollars... It is also said that it is an advantage to be sold through tariff-free..
Unlike Pinder, Temu has a warehouse and delivers and packs directly because a low-cost factory in China doesn't know how to ship overseas, so Temu takes over. There's also a carrot fee...

The shipping cost is said to be cheap because they signed a contract with Bulk. It's not a product individual contract, so you put the product in Bulk and send it to Bulk... It also reduces shipping costs...

I'm curious about what Temu will look like in the future
I haven't bought anything yet because of the quality
It is said that industrial products are worth living if the people around them empty their minds a little.
Some people tell me not to buy clothes, others tell me they like clothes..

It's an interesting company anyway.

PS: But this model is death for seller and good for buyer
       I don't think it's a win-win model because it's a model... I don't know
      The opportunity to succeed was to sell tissues. This is called the c2m
      It's customer to manufacture... I went to the supplier of the tissue
     They said they'd sell me a lot, so I asked for the lowest price
     Leave 5.2 won per package of tissues (whether it's 12 or 18)
     It is said that they delivered the goods. It was so inexpensive
     It sold a lot, and that's what made Pinder grow
     It's done. Cosmetic companies are known through this
     I heard that they're going to export...