competitor

Its shoppers have been put off by its relatively high prices compared with competitors like Walmart or online upstarts such as Temu and Shein, a dynamic that has been hard to overcome as inflation rises.

China is no longer seen just as a key market for German exports, with many Chinese firms having emerged in recent years as competitors to top German companies.

At least six bidders vied for the painting, with one competitor only jumping in once the bidding reached $171 million.

“Each time it examined Meta’s apps, they had changed. The competitors had, too.”

“We have to innovate before regulating, and we have to protect not to be overwhelmed by non-European competitors,” said Macron.