2023-12-12
Bloomberg
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Apptopia: shoppers spent ~22 minutes per day on Temu in October 2023, up from 18 minutes in Q2 2023, vs. 10 minutes on Amazon and 11 minutes on AliExpress in Q2
1. Temu is successful because shoppers spend more time in its app than on Amazon and AliExpress. — 2. Temu could be more successful if shoppers could find what they want faster. [embedded post]
2023-09-01
Wall Street Journal
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AI hasn't stemmed the yearslong startup downturn; PitchBook: US venture funding fell by almost half in Q2 2023, as generative AI investments rose 65% to $3.3B
Venture investors are realizing that generative artificial intelligence might not be enough to stem yearslong startup downturn
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