💨 Abstract

consumers are turning to Chinese shopping apps DHgate and Taobao as a cost-saving alternative to luxury brands following TikTok videos revealing many of these products are manufactured in China. Taobao's downloads increased by 514% in April, reaching the Top 5 free apps in the U.S. App Store. This growth is attributed to American consumers seeking direct access to Chinese manufacturers without the luxury brands' markup.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖