The Price of Bargains: Why Temu’s Low-Cost Strategy is Backfiring

In its bid to capture the U.S. market, Temu employed a weapon of mass appeal: rock-bottom prices. This strategy swiftly opened doors to American consumers, particularly in the so-called “outer rings” of the market. However, this very weapon has now transformed into a double-edged sword, beginning to backfire on the company as it faces growing discontent from both buyers and sellers.

Decoding the Turning Point: A Closer Look at China’s Recognition of Japanese Bankruptcy

This follow-up article focuses on the Chinese Court’s detailed review of the Shanghai International Corporation case in 2023, highlighting the significance of reciprocity in cross-border bankruptcy proceedings and underscoring China’s evolving approach to recognizing foreign judgments (See In re Shanghai International Corporation (2021) Hu 03 Xie Wai Ren No.1).