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News on Medial
US spending on TikTok Shop gains as TikTok faces threat of ban, data shows
Economic Times
·
7m ago
Medial
TikTok Shop has gained market share in US ecommerce during the holiday shopping season. The platform, launched in September 2023, serves as an ecommerce channel for popular brands. With sales reaching $100 million on Black Friday, TikTok Shop saw a significant increase in the number of people purchasing goods each month. However, a potential ban on TikTok in the US could impact TikTok Shop as well. The platform competes with rivals Shein and Temu, showcasing merchandise from third-party vendors, often shipped from China. TikTok's curation of content and products has attracted users like Jasmine Whaley who enjoy the convenience and quick delivery. LIVE sessions on TikTok Shop have also seen significant growth, offering a unique shopping experience. US spending on TikTok Shop exceeded that of Shein and Temu leading up to Cyber Monday, according to data from Facteus.
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TikTok preparing for US shut-off on Sunday: reports
Economic Times
·
6m ago
Medial
TikTok plans to shut off its app for US users on Sunday due to a federal ban, unless the Supreme Court intervenes. The ban would originally only prevent new downloads, but TikTok's plan involves a complete shutdown. Users will see a pop-up with information on the ban and can download their data. The ban, mandated by a law requiring ByteDance to sell US assets by 2025, faces legal challenges for constitutional violations.
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Elon Musk complains about China’s ban on X
Arstechnica
·
5m ago
Medial
Elon Musk criticized China's ban on X, highlighting an imbalance in US-China tech relations, especially as TikTok faces a US ban. While opposing TikTok bans on free speech grounds, Musk pointed out the asymmetry where TikTok is allowed in the US, but X is not allowed in China. Chinese officials stated foreign companies are welcome if compliant with local laws. Musk’s remarks underscore potential conflicts between his business ties in China and his advisory role in the incoming US administration.
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TikTok to enter Japan's ecommerce industry: Nikkei report
Economic Times
·
2m ago
Medial
Chinese social media platform TikTok plans to enter Japan's e-commerce market with TikTok Shop, preparing to recruit sellers soon. The move aims to expand TikTok's business outside the US, where its presence remains uncertain amidst regulatory challenges. TikTok Shop, popular for its discounted products and commission-based sales during livestreams, has already launched in France, Germany, and Italy. Meanwhile, TikTok's future in the US faces issues due to a 2024 law demanding ByteDance's divestment.
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TikTok to halt transactions on its app in Indonesia from Wednesday
Economic Times
·
1y ago
Medial
TikTok will halt transactions on its app in Indonesia from Wednesday in compliance with the country's new ban on e-commerce trade on social media. The Indonesian government implemented the ban to protect offline merchants and marketplaces from predatory pricing on social media platforms. TikTok, which has 125 million active monthly users in Indonesia, had planned to invest billions of dollars to build its e-commerce platform TikTok Shop. However, it remains uncertain if TikTok will create a separate e-commerce app or reopen TikTok Shop in the future.
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US courts may take note of India’s stance on TikTok: FCC chief Brendan Carr
Economic Times
·
1y ago
Medial
India's early ban on TikTok could have implications for the legal battle the company faces in the United States. TikTok's Chinese parent company, ByteDance, is expected to challenge the US move to ban the video-hosting service. The recent directive from US President Joe Biden requires ByteDance to divest ownership of TikTok or face a ban within the next nine to 12 months. ByteDance has stated that it does not plan to sell the app, with TikTok's CEO arguing that the facts and the US Constitution are on their side. Federal Communications Commission (FCC) commissioner Brendan Carr believes that India's actions against TikTok could play a role in the US litigation, potentially showing that the concern about TikTok extends beyond the US alone.
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US Supreme Court to hear TikTok ban case
Economic Times
·
6m ago
Medial
The US Supreme Court is set to hear TikTok’s appeal against a US law requiring its Chinese owner, ByteDance, to sell the app or face a ban. The law, signed by President Biden, alleges TikTok enables Beijing's data collection, which both China and ByteDance deny. TikTok argues the law violates its First Amendment rights. The potential ban may affect US-China relations, especially as President-elect Trump emerges as an unexpected ally of TikTok.
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TikTok tells staff that strategy stays the same after House vote
Livemint
·
1y ago
Medial
TikTok has informed its employees that it will not be changing its approach to protecting user data, despite a recent bill passed by US lawmakers to ban the app unless it is sold by its Chinese owner. In a memo reviewed by Bloomberg, the company expressed its belief that transparent, US-based protection of user data is the best way to address concerns about national security. TikTok plans to lobby the Senate against passing the legislation and will pursue legal challenges before considering any divestiture. The bill faces an uncertain future in the Senate.
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TikTok ban could harm Amazon sellers looking for alternatives
TechCrunch
·
1y ago
Medial
The potential ban of TikTok in the United States could have negative consequences for Amazon sellers who are using the platform as an alternative marketplace. Many sellers, particularly those from China, have turned to TikTok Shop to sell their products to US buyers. The ban could disrupt their supply chains and force them to find other options. TikTok's growing focus on e-commerce, with its curated approach and subsidies for sellers, has attracted merchants looking for new channels beyond Amazon. However, it remains to be seen how TikTok's e-commerce ambitions will unfold amid the geopolitical tensions.
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How TikTok grew from a fun app for teens into a potential national security threat
Economic Times
·
5m ago
Medial
TikTok, initially a niche teen app, quickly transformed into a global trendsetter and potential national security threat due to its Chinese ownership. After acquiring Musical.ly in 2017, TikTok's rapid growth led to concerns about data privacy and Chinese influence, prompting actions from US officials. Despite lawsuits and attempts to sell the app, TikTok faced scrutiny and legislative challenges. Ultimately, a Supreme Court decision upheld a law requiring TikTok's sale or ban due to national security risks.
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TikTok faces US ban after appeals court refuses to block law | Company Business News
Livemint
·
7m ago
Medial
A US federal appeals court has upheld a law requiring ByteDance, the Chinese company that owns TikTok, to sell or divest its US assets by January 19, 2023, or face a ban in the country. The decision is a major blow to ByteDance and TikTok, and increases the likelihood of a ban on the popular social media app used by 170 million Americans. The court ruled that the law was designed to counter a national security threat posed by China and that it was not in violation of Americans' free speech rights.
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