TikTok Plans To Operate E-commerce Fulfillment System In US

RTTNews | 1119 days ago
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
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After languishing in negative territory till well past mid afternoon on Tuesday, the Switzerland market recovered in the final hour of the day's session to settle on a firm note.
RTTNews | 5h 37min ago
European Stocks Close Weak Despite Late Recovery

European Stocks Close Weak Despite Late Recovery

European stocks closed lower on Tuesday and most of the markets in the region dropped to multi-week lows before regaining some lost ground, as worries about the potential impact of U.S. government shutdown and growth concerns due to tariffs forced investors to tread cautiously with regard to riskier assets.
RTTNews | 6h 4min ago
Bay Street Likely To Open With Negative Gap

Bay Street Likely To Open With Negative Gap

Sharply lower Canadian and U.S. futures and weak commodity prices point to a gap down opening on Bay Street Tuesday morning. The focus will be on the Federal Budget to be presented by Canadian Prime Minister Mark Carney today.
RTTNews | 10h 12min ago
Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops

Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops

Uber Technologies, Inc. reported Tuesday significantly higher profit in its third quarter as revenues beat market estimates, benefited by strong growth in trips. Bookings also were higher than last year, and the ride-hailing and food delivery company issued fourth-quarter outlook, expecting a growth. Meanwhile, the shares were losing around 5 percent in the pre-market activity.
RTTNews | 10h 41min ago
FTSE 100 Drifts Lower; Miners Among Notable Losers

FTSE 100 Drifts Lower; Miners Among Notable Losers

The U.K. market is down in negative territory on Monday, weighed down by losses in the mining sector. The mood remains quite cautious amid concerns about global economic growth as several central banks, including the Federal Reserve and the European Central Bank signaling that further interest rate cuts are unlikely in the coming months.
RTTNews | 11h 32min ago
CAC 40 Drops To 3-week Low On Widespread Selling

CAC 40 Drops To 3-week Low On Widespread Selling

France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
RTTNews | 11h 57min ago
DAX Down Sharply As Stocks Tumble On Growth Worries

DAX Down Sharply As Stocks Tumble On Growth Worries

The German market is down sharply in negative territory on Tuesday with stocks from across several sectors reeling under pressure as investors react to mixed earnings updates, and weak U.S. manufacturing data and hawkish comments from some Fed officials.
RTTNews | 12h 39min ago