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Disrupting E-Commerce: How Shein and Temu are Challenging Amazon's Reign with Jing Yang

Release Date: 08/12/2024

How Apple Accidentally Built China's Tech Superpower and Can't Escape with Patrick McGee

Analyse Asia

"I quote a study that looked at 84 countries in terms of internal migration and India was dead last. That's not a knock against the culture. It's just not part of the culture that young women in particular leave home at 17, go to the other side of the country and work in a factory. You don't have that. So what's the phrase: Culture eats strategy for breakfast. Apple might have a plan, but like good luck upending 5,000 years of Indian culture to make it happen." - Patrick McGee, author of "Apple in China" Fresh out of the studio, Patrick McGee, San Francisco correspondent for the...

Transforming Asia Pacific's Digital Future: IBM's Vision for Enterprise AI with Hans Dekkers

Analyse Asia

"At IBM, we really work on two emerging technologies: hybrid cloud and AI for enterprise. These two are deeply connected. Hybrid cloud for us means that regardless of where the data sits whether the compute is on-premise, off-premise, or across multiple clouds. We believe the client should have the control and flexibility to choose where to run and place their data. If you look at the facts, a very high percentage of client data is still on-premise. It hasn't moved to the cloud for obvious reasons. So, how can you scale AI if you don’t have proper access to that data? AI is all about the...

From Startup Ecosystem Builder to Strategic Investor: E27 and Orvel Ventures with Mohan Belani

Analyse Asia

"If you take a step back and ask, how has the last 10-15 years panned out? The truth of the matter is that Southeast Asia has not done as well as it should have based on the reports and projections that existed earlier. There have been fundamental flaws from a culture standpoint with respect to how the ecosystem has been shaped. I think there has been too much of a mirror of what's happening in Silicon Valley and figuring out how to replicate those concepts in Southeast Asia, whereas there should have been a better, more localized, customized, regional model to suit the culture and concepts in...

From Accidental Hotelier to Longevity Pioneer: An Entrepreneur's Journey with Allen Law

Analyse Asia

"I think the why is so important, but it's always not really being asked. Most people want to know, 'What's your growth look like?' or 'How is this offering different from another offering?' Those are the questions we get most of the time. But going back to the real why we actually do this in the first place is the most critical question if you ask me. For myself personally, it is all about having a positive impact in society. We have chosen to go down the route of wellness, fitness, and longevity to have that positive impact, which we believe is extremely important and a strong one whereby...

Building WhatsApp for 3 Billion Users with Alice Newton-Rex

Analyse Asia

"Now, some people are only ever going to want to use WhatsApp to message the people in their life, and they should be able to carry on doing that and have an incredibly simple experience in doing so. But we're increasingly seeing that users want to use WhatsApp for more than messaging close friends and family. It's why we're doing things like business messaging. It's why we built new features like channels and status and updates tab separate from your personal chats. We think that if we carry on getting the core of private messaging right, it also gives us the opportunity to build more of...

How Databricks Revolutionize Intelligent Enterprise AI in ASEAN with Patrick Kelly

Analyse Asia

" We did a survey with The Economist globally which obviously included Europe and APAC as well. And we asked the question, 'Does my organization's current architecture supports the unique demands of AI workloads.' Basically 85% said, 'No. We don't have the architecture to support it.' Some partially does, but it needs lots of modifications. So we can still feel a lot of people are still in the early stages and that data point ties back to: 85% of GenAI [proof of concepts] has not gone into production. I think that another interesting point is, 'Does your architecture connect AI application?...

The Lazarus Group, The Bybit Hack and Sanctions: The New Battleground with Andrew Fierman

Analyse Asia

"The thing that's most fascinating, we talk a lot about how complex North Korea is here but when you compare it to some of the other illicit groups, particularly those that are sanctioned, say your terrorist organization that's soliciting donations on Telegram or some other social media outlet understanding what that difference in the level of complexity is, I think is really fascinating to actually know about. When we're talking about DPRK, we're talking about laundering of funds through tens of thousands. By the time we're done, it'll be hundreds of thousands of wallets. And then on the...

Building Networks, Not Just Hiring: The Global Talent Strategy with Mark Reinecke

Analyse Asia

"When I discuss with senior leaders, interview them, or assess them for senior roles, they often come to me, and I ask them: 'What makes you unique? How do you see yourself?' Eighty percent of them tell me what they can't do. They talk about their development needs, and I say, 'Is that how you pitch yourself? Is that what you really bring to the table? You sit with a headhunter and tell me what you can’t do—why not tell me what you’re really good at?' Your exceptional value-add, your competitive advantage—that’s what makes an impact, not what you cannot do. Development needs require...

Gambling Man: The Secret Story of the World's Greatest Disruptor, Masayoshi Son with Lionel Barber

Analyse Asia

"They will judge Masa to have been an extraordinarily consequential investor and historic figure in world investing and tech investing because he has made not just spectacular bets—but he's made so many people rich. I mean, with other people's money. All these founders, he's given them money, he's been an enormous disruptor, and he's built global businesses. He's built a huge business in Japan on the mobile operator. So for all these reasons, I know he sometimes feels dissatisfied with his legacy, and he's now trying to build his greatest legacy in the march to artificial general...

Scam Inc: How a $500B Crime Industry is Impacting the World with Sue-Lin Wong

Analyse Asia

"We're all vulnerable. And I hadn't thought about that previously. I thought, oh, it's only a small group of people who might fall for this. What I've learned is actually [that] these scammers are so sophisticated. They have so much money. Based on my reporting, this industry, you know, is maybe more lucrative than the illicit drug trade, and these criminal syndicates might be making over 500 billion US dollars a year. So that means they have access to the latest technology, whether it's voice cloning or face changing software. They can buy the latest in AI tools. they can stay several...

More Episodes

"Temu was launched in the US, their first market in September 2022. That is when Shein just started to gain a lot of traction. There's a lot of attention being paid to Shein. In the beginning, many people thought that Temu was a copycat of Shein because they both sold goods from China using this direct-from-China shipping model. However, I think the competition has evolved quite differently now, and Temu has done business and operational innovation that has made others, including Shein, have to catch up." - Jing Yang

Fresh out of the studio, Jing Yang, the Asia Bureau Chief from The Information shares the ongoing e-commerce war between Amazon and the upstarts: Shein and Temu across the global landscape. Starting from the origins of Shein and Temu, she explained how both companies first expanded to the US enabled by Amazon. Jing Yang breaks down how Temu gains total control over its suppliers and sellers and subsequently threatens Amazon's e-commerce dominance in the US market. Last but not least, she examined the fallout from the potential US ban on Shein and Temu from US lawmakers and the possibility of Shein's IPO in the US.

Episode Highlights:
[0:46] QOTD
[1:27] Introduction: Jing Yang, Asia Bureau Chief from The Information
[2:34] The surprise of Open AI not allowing ChatGPT to be in Hong Kong and China.
[5:29] You need a China mobile number to access Chinese LLMs.
[6:48] Introduction to Shein and Temu, the global e-commerce upstarts originating from China.
[9:59] The elusive people behind Shein and Temu.
[13:29] Shein’s current performance against H&M, Zara, and Uniqlo.
[18:12] How Authentic Brands (owner of Forever 21) made a partnership & investment deal with Shein in the US.
[23:09] How Temu maintains control over the supply chain in China.
[31:23] Comparisons between Temu and Amazon from the seller to business models.
[34:51] How Amazon enabled Shein and Temu to expand into the US.
[35:38] Amazon’s realization of Temu’s threat and response.
[36:58] Amazon’s response to Shein and Temu’s threats in the US market.
[38:56] Temu is copying Amazon in the US with a local warehouse strategy and vice versa.
[42:08] How Amazon vs Temu & Shein shaped the global e-commerce landscape.
[43:54] How reliant is Amazon on Chinese sellers and suppliers globally?
[45:30] Why the US lawmakers are thinking about a ban on Temu.

Podcast Information: Bernard Leong hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig.

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