Australian online retailer Catch will shut down and axe almost 200 jobs amid increased competition from Amazon and Temu. Catch is expected to report an operating loss of up to $40million for the ...

After underestimating Pinduoduo, Amazon is acutely aware of the growing threat posed by Temu. In a 2018 letter to shareholders, Pinduoduo described itself as “not a traditional company.” At the time, ...