TikTok Plans To Operate E-commerce Fulfillment System In US

RTTNews | 1143天前
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 Economy Shrinks As Estimated

Swiss Economy Shrinks As Estimated

Switzerland's economy contracted in the third quarter as the front-loading effects linked to the US trade policy faded, the State Secretariat for Economic Affairs reported Friday. Gross domestic product shrank 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter. The SECO confirmed the estimate published on November 17.
RTTNews | 1小时23分钟前
Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

Slightly higher Canadian and U.S. futures point to a marginally positive start for the Canadian market on Friday. The GDP data may impact the mood.
RTTNews | 1小时25分钟前
Wall Street Seen Opening On Flat Note

Wall Street Seen Opening On Flat Note

Activity is likely to be somewhat subdued amid thin volumes on Friday with trading scheduled to end at 1 PM ET. The economic calendar is blank and there are not many news from the corporate front to warrant significant moves.
RTTNews | 2小时1分钟前
German Unemployment Rate Steady At 6.3%

German Unemployment Rate Steady At 6.3%

Germany's unemployment rate remained unchanged in November and the number of unemployed increased less than expected, official data showed Friday. The Federal Employment Agency said the jobless rate stood at 6.3 percent in November, the same rate as in October and also matched expectations.
RTTNews | 2小时23分钟前
FTSE 100 Moves In Tight Range In Lackluster Trade

FTSE 100 Moves In Tight Range In Lackluster Trade

U.K. market's benchmark index FTSE 100 moved in a very narrow range Friday morning with investors largely refraining from making significant moves amid a lack of triggers. Expectations of a rate cut by the Federal Reserve in December, and signs of a Ukraine peace deal help underpin sentiment.
RTTNews | 2小时55分钟前
French Inflation Remains Stable; GDP Growth Confirmed At 0.5%

French Inflation Remains Stable; GDP Growth Confirmed At 0.5%

France's inflation remained stable in November and remained within the comfort zone of the European Central Bank and the economy logged a stronger growth as estimated in the third quarter, official data revealed Friday. The consumer price index posted a steady increase of 0.9 percent in November, preliminary data from the statistical office INSEE showed. This was slightly slower than the expected
RTTNews | 3小时10分钟前
French Stocks Mostly Subdued As Investors Assess Economic Data

French Stocks Mostly Subdued As Investors Assess Economic Data

French stocks were mostly subdued Friday morning with investors assessing the latest batch of economic data, including reports on inflation and GDP. Rising optimism about the Federal Reserve lowering its interest rates in December aided sentiment.
RTTNews | 3小时13分钟前
DAX Down Slightly; Economic Data In Focus

DAX Down Slightly; Economic Data In Focus

German stocks moved in tight range Friday morning with investors digesting the nation's retail sales and import prices data and looking ahead to consumer price inflation report and unemployment data, due later in the day.
RTTNews | 4小时1分钟前