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TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [2] Daily sales averaged approximately US$ 7 million in October 2023.
TikTok, whose mainland Chinese counterpart is Douyin, [ a][ 3] is a short-form video hosting service owned by Chinese internet company ByteDance. It hosts user-submitted videos, which can range in duration from three seconds to 60 minutes. [ 4] It can be accessed with a smartphone app .
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [ 7] Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
The legislation, which has received overwhelming bipartisan support in Congress, per USA TODAY, gives TikTok’s Chinese parent company, ByteDance, up to a year to sell its U.S. operations or face ...
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China weighs its options with TikTok. The latest congressional action marks another twist in a yearslong effort to limit the scale and influence of a social media app that has grown to more than ...