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德邦证券-家用电器行业全世界的中国品牌系列：借力四小龙，谁能加速品牌出海？-240119

出海四小龙的强势扩张。依托互联网能力外溢+供应链能力外溢+中国品牌优势凸显，中国跨境电商开启全球强势扩张之路，四大平台各具特色、大有可为。TEMU：全托管+竞价模式，贯彻拼多多低价定位。TEMU 全托管模式+竞价机制助力，全托管降低中国企业出海门槛,竞价机制预计有可能出清利用信息差赚差价或者拿货型卖家，更契合拥有创新设计差异化产品或者规模效应成本优势突出的卖家。TikTok：兼具内容与电商属性，依

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