TOKYO -- Japanese online marketplace Mercari has laid off nearly half of the employees from its U.S. subsidiary, Nikkei has learned, as it struggles with falling sales and competition from low-price Chinese e-commerce rivals like Temu.
Inflation-hit Americans cut back on hobby spending, turn to Temu

Mercari's U.S. business has been in the red since July-September 2021. (Photo by Mizuho Miyazaki)
TOKYO -- Japanese online marketplace Mercari has laid off nearly half of the employees from its U.S. subsidiary, Nikkei has learned, as it struggles with falling sales and competition from low-price Chinese e-commerce rivals like Temu.