HomeBusinessTikTok collaborates with digital startups to help its faltering e-commerce platform

TikTok collaborates with digital startups to help its faltering e-commerce platform

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  • TikTok has enlisted tech companies to strengthen its faltering e-commerce business amid a digital advertising slump.
  • China’s social commerce software lets users buy things without leaving the app.
  • Douyin, TikTok’s sister app, saw a 300 percent year-over-year sales surge in the year to May, with users buying 10 billion things.
  • ByteDance, which owns TikTok and Douyin, aims to spread this model globally through TikTok Shop, which launched in the UK and Southeast Asia last year.

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