Amazon to launch discount section with direct shipping from China, media reports say

News Snapshot:

Amazon.com AMZN-Q plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, the Information reported on Wednesday, citing slides shown to Chinese sellers. The new marketplace, Amazon’s most aggressive response to the growth of bargain sites like Temu and Shein, will offer unbranded fashion, home goods and daily necessities, according to the slides, and the products will be delivered between 9 to 11 days to customers, the report said. The e-commerce giant in a recent closed-door meeting told Chinese sellers it would start signing up merchants this summer...