China's "Four Little Dragons" in the global market are closing in on Amazon's ranking
China's "Four Little Dragons" in the global market, Shein, Temu, and Alibaba's AliExpress, have achieved significant success, ranking second only to Amazon in terms of global user penetration rate. SHEIN, with its "fast return for small orders" model, has gained a prominent position and is estimated to be valued at $90 billion. Temu has differentiated itself through small and daily-use items and has entered 47 countries. AliExpress launched "Global Five-Day Delivery" this year, and Alibaba's international retail business revenue has grown by 73%, making it the third-largest comprehensive e-commerce platform in South Korea and the best e-commerce platform in Spain. TIKTOK shop has fully embarked on global e-commerce layout, with its GMV in the US increasing fourfold on Black Friday and cooperating with Indonesia's largest local e-commerce platform.
Today, Lanyu, the founder of Zhulu.com and a well-known technology blogger, posted on Weibo that Shein, Temu, and Alibaba's AliExpress have entered the top four in terms of global user penetration rate, second only to Amazon. This year, the "Four Little Dragons" from China, SHEIN, Temu, AliExpress, and TikTok Shop, have been fiercely competing in overseas markets and have performed remarkably well. Cross-border e-commerce "unicorn" SHEIN has gained a foothold with its "fast return for small orders" model. It has been rumored to go public in the United States and its valuation may reach $90 billion. Temu, under PDD, has differentiated itself with small and daily-use items. In the latest financial quarter, its quarterly GMV surged to $500 million, and Temu has now entered 47 countries. AliExpress launched "Global 5-Day Delivery" this year, driving a 73% growth in Alibaba's international retail business revenue in the latest financial quarter. It recently became the third-largest comprehensive e-commerce platform in South Korea and was named the best e-commerce platform in Spain last month. TikTok Shop has fully embarked on a global e-commerce layout this year. Official data shows that its GMV in the US market on Black Friday increased fourfold. A few days ago, it announced a partnership with Indonesia's largest local e-commerce platform.