Wish's deep discount sale to Singapore's Qoo10 ramps up competition for Temu and Shein

Wish's deep discount sale to Singapore's Qoo10 ramps up competition for Temu and Shein

Wish's deep discount sale to Singapore's Qoo10 ramps up competition for Temu and Shein - Wish's parent company is selling the online dollar store to a Singapore e-commerce company for $173 million in cash. - Its new owner faces steep competition from discount retailers Temu and Shein, which have been on an ad-spending blitz to attract American shoppers. - Temu paid millions to show its "shop like a billionaire" ad during the Super Bowl on Sunday. Hours after Super Bowl …