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(Corrects the data of Temu's general merchandise value in paragraph 10) By Arriana McLymore NEW YORK (Reuters) -Amazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive with rivals, saying the site doesn't meet its standards. According to Amazon, Temu, an e-commerce marketplace that launched in September, does ....
According to Amazon, Temu, an e-commerce marketplace that launched in September, does not meet its strict qualification requirements for Amazon s fair pricing policy. That means some low-priced general merchandise on Temu, owned by PDD Holdings, could beat out prices offered by Amazon s marketplace sellers. ....
Amazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive with rivals, saying the site doesn t meet its standards. ....
Amazon defends "vigorous and fair" product offers ragtrader.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ragtrader.com.au Daily Mail and Mail on Sunday newspapers.
D.C. AG targets Amazon in new antitrust suit over third-party seller pricing policies May 25, 2021 at 10:44 am A new lawsuit from the Washington, D.C., attorney general alleges that Amazon illegally manipulates the e-commerce market to its own advantage by penalizing third-party sellers that offer products at lower prices on other platforms. Amazon quickly shot back, saying that Attorney General Karl Racine “has it exactly backwards,” and that his remedies “would force Amazon to feature higher prices to customers, oddly going against core objectives of antitrust law.” The suit, filed Tuesday morning, is part of a broader move by legislators and regulators to scrutinize and take action against Amazon’s business practices as a check on the company’s market power. Antitrust challenges are shaping up as one of the defining issues for ....