TikTok Plans To Operate E-commerce Fulfillment System In US

RTTNews | hace 1051
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
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | hace 18 minutos
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | hace 1h 24min
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | hace 1h 41min
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | hace 1h 54min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | hace 2h 3min
Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
RTTNews | hace 2h 9min
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
RTTNews | hace 2h 24min