TikTok Plans To Operate E-commerce Fulfillment System In US

RTTNews | 904天前

(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.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.

RTTNews | 4小时5分钟前

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 4小时48分钟前

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.

RTTNews | 4小时55分钟前

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 5小时59分钟前

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 6小时26分钟前

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.

RTTNews | 6小时28分钟前

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.

RTTNews | 6小时58分钟前

Malaysia Bourse May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.

RTTNews | 7小时28分钟前

EURUSD	1.10796	GBPUSD	1.30943	AUDUSD	0.62545
USDJPY	145.868	USDCAD	1.40939	USDCHF	0.85462

Advertisement

TikTok Plans To Operate E-commerce Fulfillment System In US