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In an interview with The New York Times, TikTok executive Nico Le Bourgeois said the TikTok Shop had more than 200,000 registered sellers, with over 100,000 creators already having access to its ...
However, TikTok execs told The New York Times that more than 90% of sellers on TikTok Shop were based out of the U.S. In the U.K., ByteDance is already selling products from its own subsidiary on ...
In any case, while 15% sounds small, the number is still substantial — $285.2 billion — so TikTok Shop’s potential is enormous even if it just gets a small slice of the existing e-commerce cake.
TikTok Shop is a lot more successful in Southeast Asia, where it has been available since 2021. In Southeast Asia, TikTok Shop’s daily gross merchandise volume is around $50 million to $60 million.
TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [2] Daily sales averaged approximately US$ 7 million in October 2023.
According to the report, the latest version of TikTok came loaded with new strings of code that indicated the short-form video app is testing an ad-free monthly subscription plan for its users.
A similar feature on Douyin has reportedly hosted 9 million live ecommerce broadcasts per month, selling over 10 billion products in a single year from May 2021 to May 2022 — triple what it did ...
TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg.The report indicates that the 2024 ...