Tech
China leaders take reins at TikTok Shop in US as sales miss goal
[ad_1]
ByteDance Ltd., TikTok’s parent company, has been replacing US-hired staff near Seattle with leaders connected to China, aiming to replicate its e-commerce success in Asia after sales fell short in America.
TikTok Shop initially set a goal to increase its US e-commerce business tenfold last year to $17.5 billion in transaction volume, but the company had to drastically lower that goal, according to people familiar with the plan who spoke on condition of anonymity because they were not authorized to talk publicly.
TikTok established its Shop business…
[ad_2]
Source link
Continue Reading
You must be logged in to post a comment Login