TikTok is planning to launch in early August an e-commerce platform to sell China-made goods in the United States, the Wall Street Journal reported on Tuesday, citing people familiar with the plan.
The short-video app is seeking to replicate the American success of Chinese shopping platforms Shein and Temu and will be responsible for the storage and shipping of items on behalf of manufacturers and merchants in China, the report said.
The reported move comes at a time when TikTok is facing heightened scrutiny from U.S. officials over concerns about data security. The company is fighting to prevent a ban in the country after lawmakers introduced a bill that would grant the Biden administration authority to ban apps that pose security risks.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | TikTok’s Next Plan for U.S. Dominance: Selling Made-in-China GoodsVideo-sharing platform TikTok wants to replicate the success of popular China-founded shopping platforms Shein and Temu.
Read more »
TikTok’s online marketplace for the US could launch in AugustTikTok could store and ship goods for merchants based in China.
Read more »
Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of ‘Torturous Recovery’Bitcoin dropped more than 2.5% after a WSJ report revived Binance concerns and China's Politburo did not signal large scale stimulus. reports godbole17
Read more »
WSJ News Exclusive | U.S. Weighs Potential Deal With China on FentanylThe U.S. is discussing lifting sanctions on a Chinese institute suspected of human-rights abuses in exchange for Beijing’s help in combating fentanyl
Read more »
China Insight: Shanghai, China’s Window to the World, Launches Shanghai GalaThe event, to be held this fall, will feature a red-carpet gala as well as a fashion exhibition of leading designers from around the world.
Read more »
WSJ News Exclusive | Inside Lyft CEO David Risher’s Efforts to Bolster the CompanyLyft is exploring strategic alternatives for its bikes division, the latest in a series of moves by its new chief executive to turn around the struggling company
Read more »