The Order : Weekly Aggregator Roundup - Temu

Chart of the week:

One to watch out for: Launched by Pinduoduo in September, Temu is already ranking as the top downloaded shopping app in the US. Temu is competing with AliExpress to offer lower priced good shipped directly from China. Marketplace Pulse has a detailed feature in "Temu Is Most-Downloaded Shopping App in the US".

Temu US App Store Rank in Shopping [Sensor Tower via Marketplace Pulse]

New funding this week: $ -- M

Funding Craze 💰

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Movers & Shakers 🤝

• UK: DTC supplements brand Feel secures $12M to grow its presence in the health & wellness category [The Grocer]

Strategy 📈

• 🍟 Amazon marketplace expansion: "Amazon Launches in Belgium" [Marketplace Pulse]

• Supporting with tax complexity: "Shopify is simplifying a major problem for merchants selling online, and it could give it an edge over Amazon" [Business Insider]

• Unproven business models dim Una Brands’ ray of hope for D2C firms [The Ken]

• "Why E-Commerce Disruptors Are Trading Like Brick-and-Mortar Dinosaurs" [The Information]

• A push for eCom: "Walmart, Target and Best Buy will be closed on Thanksgiving" [CNN]

• Walmart Creator: "Walmart invests in social commerce with new creator platform" [Ad Age]

• TikTok's secret plans for an online shopping empire in the U.S. [Semafor]

• American Express CEO: 'We're not seeing any changes in consumer spending' [Yahoo Finance]

• Ad powers are spreading: "Introducing Self-Serve Ad Solutions for CPG Brands to Reach New Customers During Everyday Shopping Occasions" [DoorDash]

• "Target stores to sell Caraway pots and pans in online cookware company's biggest push into brick-and-mortar" [CNBC]

• "Google antitrust complainants call for EU to shutter its Shopping Ads Units" [Techcrunch]

Events 🎤

• Amazon ads Unboxed, Oct 25-27 in NY

• AMZ Innovate, Nov 07 in NY

• Seller Barcamp, Nov 25 in Berlin

Let's make this week count,

Christian