“ByteDance, the Beijing-based parent company of video sharing app TikTok has started selling TikTok’s AI to other companies, the Financial Times reports (may require subscription). The company has a new division called BytePlus, and according to its website, its client list already includes US fashion app Goat, Singapore travel site WeGo, Indonesian shopping app Chilibeli,…
Tag: TikTok
Walmart Joins Livestreaming Trend With TikTok; New ‘Shop Party’ App Debuts
“At a time when the coronavirus has sent record numbers of consumers online instead of to the mall, livestreaming is filling the social vacuum. There’s no better example of the trend’s proliferation than Walmart and TikTok, which on Thursday (Dec. 17) announced a “first of its kind” event scheduled for Friday, Dec. 18 at 8…
What TikTok’s big deal means for cloud, e-commerce: TikTok Global created with Oracle, Walmart owning 20%
– “Along with the 7.5% stake in TikTok Global, Walmart will provide “ecommerce, fulfillment, payments and other omnichannel services to TikTok Global.” – Walmart CEO Doug McMillon will be one of the five board members of the newly created company. – The plan is to bring TikTok public in the US “within the next year.”…
China Tightens AI Export Restrictions
“Microsoft Corp., Walmart Inc. and Oracle Corp. have all expressed interest in the breakout app, the success of which rests on addictive video feeds powered by ByteDance’s AI-driven content-recommendation engine. China announced new restrictions on artificial-intelligence technology exports that could further complicate the sale of TikTok’s U.S. operations, while intensifying the tech battle between the…
TikTok Expands Shopping Features by Bringing Creators into the Fold
“While only a small portion of ecommerce sales come from social channels, consumer adoption has grown in the past year. We expect that more than 75 million US social network users ages 14 and older will make at least one purchase from a social channel in 2020, up 17.3% from 2019.” https://www.emarketer.com/content/tiktok-expands-shopping-features-by-bringing-creators-into-the-fold