TikTok Plans To Operate E-commerce Fulfillment System In US

RTTNews | 842 gün önce
TikTok Plans To Operate E-commerce Fulfillment System In US

(RTTNews) - Social media app TikTok plans to operate U.S warehouses and product fulfillment centers to create its own e-commerce supply chain system, job listings on its website and LinkedIn indicate.

TikTok reportedly began piloting a shopping feature last year in the U.S., Canada and the U.K. through a deal with Shopify.

TikTok has posted several job openings on LinkedIn in the past two weeks seeking candidates in the U.S. as it is looking to build an international e-commerce fulfillment system.

As per the listings, the company intends to provide warehousing, customs clearings, delivery and customer service returns in its domestic e-commerce efforts.

For the post of a logistics solutions manager for a global fulfillment center, TikTok is looking for a Seattle-based employee to plan and design fulfillment centers and e-commerce logistics solutions. The duties include transportation of goods, order prediction and inventory management.

Further, the company calls for a team that would be responsible for a global logistics and warehousing network.

Another job posting says the company is looking for someone to build the new fulfillment service from scratch.

Amid the e-commerce boom across the world, ByteDance's popular social media platform known for short videos is expanding into e-commerce as its next major revenue stream after recording significant growth in its ads business.

TikTok has already entered into e-commerce in select markets, including the UK and Indonesia, where it currently offers a shopping option called TikTok Shop that allows creators and merchants to sell products. The company has also partnered with Shopify to enable shopping on the platform.

read more
France Inflation Rises To 5-Month High

France Inflation Rises To 5-Month High

French inflation accelerated to a five-month high in January largely on energy and manufactured product prices, provisional data from the statistical office INSEE showed Friday. Consumer prices registered an annual increase of 1.4 percent in January, following December's 1.3 percent rise.
RTTNews | 5s 18 dakika önce
FTSE 100 Hits Fresh Record High

FTSE 100 Hits Fresh Record High

U.K. stocks are up in positive territory Friday morning, and the benchmark FTSE 100 looks set to end the month with a strong gain, as the mood remains a bit bullish amid optimism about more monetary easing by central banks in the coming months.
RTTNews | 6s 26 dakika önce
German Unemployment Rises Marginally

German Unemployment Rises Marginally

Germany's unemployment rose slightly and job vacancies decreased in January as the manufacturing sector faces severe downturn, official data revealed on Friday. The number of people out of work increased by 11,000 in January after rising 10,000 in December, the Federal Employment Agency said. Unemployment was expected to increase more sharply by 14,000.
RTTNews | 6s 53 dakika önce
CAC 40 Modestly Higher After Inflation Data

CAC 40 Modestly Higher After Inflation Data

French stocks are up in positive territory Friday morning, as investors continue to cheer the European Central Bank's rate cut decision and the dovish remarks suggesting the possibility of more monetary easing in the coming months.
RTTNews | 7s 10 dakika önce
UK House Price Growth Slows More Than Forecast

UK House Price Growth Slows More Than Forecast

UK house prices growth slowed more than expected in January largely reflecting high mortgage rates, data published by the Nationwide Building Society showed on Friday. House prices gained only 0.1 percent in January. This follows a 0.7 percent increase in December and also came in weaker than economists' forecast of 0.3 percent.
RTTNews | 8s 6 dakika önce
DAX Advances, Hovers Around Record High

DAX Advances, Hovers Around Record High

German stocks are edging higher in cautious trade Friday morning with investors digesting the nation's retail sales and unemployment data, and looking ahead to the consumer price inflation report due later in the day.
RTTNews | 8s 8 dakika önce