Amazon unleashes ultra-low pricing plans to take on Temu, Shein

Amazon unleashes ultra-low pricing plans to take on Temu, Shein

FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo

Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, the Information reported on Tuesday.