Aiming for $50 Billion GMV, Sellers Flock to TikTok’s North American Shop
It is reported that TikTok has set a target for its e-commerce Gross Merchandise Volume (GMV) at USD 50 billion this year, about 360 billion RMB, more than doubling the previous year’s 20 billion USD. Douyin’s GMV has surpassed 2 trillion RMB, and TikTok is replicating the same model, starting with monetizing through advertising and […]
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