Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens and soft media users for 1520111 clue delivery! CTOnews.com, Sept. 17 (Xinhua)-- in order to attract sellers to participate in the Black Friday shopping festival, which runs from October 27 to November 30, TikTok will offer sellers up to 50 percent discount to attract consumers to shop at TikTok Shop, which has just opened, Bloomberg reported.

Before that, overseas consumers used to shop at established retailers such as Amazon and Wal-Mart. According to the report, a spokesman for TikTok confirmed the plans, and TikTok will start the "Black five" promotion at 20:00 New York time on November 23. According to TikTok documents, a promotion called "Cyber Monday" will be launched between November 28 and November 30.

CTOnews.com previously reported that TikTok announced the official launch of TikTok Shop, an e-commerce service in the United States, on September 12, which had been tested by TikTok users in the United States for several months.

This official launch, in addition to short videos and live shopping, TikTok also launched a series of services to merchants and creators, including product display pages, malls, and an "alliance plan" to connect merchants and creators. At the same time, TikTok e-commerce has launched the TikTok fulfillment Plan (Fulfilled by TikTok), which helps merchants store, select, package and distribute goods, as well as secure payment systems developed in cooperation with third parties.

In addition, TikTok will further expand the scope of the entrance to "Mall", which is located on the home page of TikTok and will bring more exposure to merchants and goods. Currently, 40 per cent of TikTok's US user interface contains a "mall" entrance, which is expected to be available to all US users on the home page in early October.

There are more than 200000 certified U.S. merchants selling legitimate products on TikTok Shop, a TikTok spokesman said last week, and the business aims to sell $20 billion (CTOnews.com Note: about 145.6 billion yuan) of goods on global platforms this year.

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