Will TikTok become a Amazon-killer in the future?

TikTok is expanding the expansion of its e-commerce platform to the US as social shopping has already become a phenomenon in Asia.

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Launched its e-commerce platform to its 150 million monthly active users in the US in September.

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[{"selector":"#anim-d6616dbd-be14-4dd5-9aa5-24e58167dc2f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4454,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Wall Street Journal has already reported that TikTok's business value will increase from less than $5 billion to $20 billion this year.

[{"selector":"#anim-e051a1d5-b389-44cb-b0ec-4af259b46313 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-16.249999795206307%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4454,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Livestreaming e-commerce is growing rapidly in China and looks set to replicate such success in the US.

[{"selector":"#anim-d07718c3-7695-4645-9e59-be748bbd1576 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-16.249999795206307%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":5545,"fill":"forwards"}] Goldman Sachs expects gross merchandise value for livestreaming e-commerce in China to grow 18% per year over the next few years. There will be 11% growth for overall e-commerce.

[{"selector":"#anim-5b7c6457-e41d-41ed-8e80-215d4c485387 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-16.249999795206307%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":5545,"fill":"forwards"}] The bank expects this segment to account for about 24% of the entire e-commerce market in 2025.

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