IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Macquarie Names Greg Ward as CEO, Signaling Stability and Strategic Continuity 
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners 
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone? 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership 
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay 
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth. 
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
TikTok's live shopping feature is expected to launch in more regions before the year ends. The social media giant is reportedly making arrangements to bring its in-app shopping tools to North America in time for the holiday season.
Financial Times reports that ByteDance will partner with TalkShopLive, which will provide the TikTok developer with the technology for live broadcasts with a shopping option. The Los Angeles-based company is known for providing e-commerce services and tools to social media personalities and major brands to market their products through live streams.
Before TikTok, TalkShopLive already worked with major brands in the United States, including Walmart and Best Buy. The same report noted, however, that the live shopping platform and TikTok have yet to sign a contract, and they are still finalizing details of the deal. But the app's live shopping feature is expected to be available to users in North America by next month.
"When it comes to market expansion for TikTok Shop we are always guided by demand and are constantly exploring new and different options for how we can best serve our Community, Creators and Merchants in markets around the world," TikTok told the publication. "These efforts include exploring partnerships that further support a seamless e-commerce experience for merchants, which is an important part of our ecosystem."
If TikTok pushes through with the reported plan, this would mark a significant expansion for its live shopping feature since it went live for users in parts of Asia last year. The company brought the feature to the UK market in late 2021, but it was reportedly not as successful as ByteDance hoped.
An earlier report from FT said TikTok initially planned for the live shopping feature to go live in various parts of Europe. But after the supposed underwhelming turnout in the UK, the company reportedly reconsidered bringing the feature to more markets, including Germany and the United States.
While TikTok is becoming more of a social e-commerce platform, Facebook recently shut down its own take on the live shopping feature. Since last Saturday, Facebook users can no longer host live streams where they can tag their products or create product playlists to make it easier for viewers to purchase what they are selling. Interestingly, Meta said it was ditching its live shopping tool to focus on Reels, its short-form video response to TikTok.
Photo by Jonathan Kemper on Unsplash
