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ByteDance to enter the finance sector via SCF subsidiary

News | E-invoicing, SCF & E-procurement | 18 Jan 2021

TikTok’s parent ByteDance has established a factoring service which will offer financing, collect accounts receivables, and provide guarantees.

ByteDance, TikTok, China, Zitiao, micro loans, online payments, factoring

Walmart teams up with TikTok to sell while livestreaming

News | Ecommerce | 21 Dec 2020

Walmart has announced its  partnership with the Chinese-owned video-sharing app TikTok to sell items seen on a livestream by creators featuring the retailer’s fashion merchandise.

Walmart, partnership, TikTok, livestreaming, ecommerce, online shopping, fashion, retail

TikTok, Shopify partner to reach younger audiences through social commerce

News | Ecommerce | 27 Oct 2020

TikTok has partnered with ecommerce platform Shopify to allow merchants to reach TikTok’s younger audience through shoppable content.

TikTok, ecommerce, Shopify, merchants, TikTok, shoppable content, online payments, social commerce

DHgate introduces MyyShop for building a decentralised ecosystem

News | E-invoicing, SCF & E-procurement | 21 Sep 2020

China-based B2B cross-border ecommerce marketplace DHgate has launched MyyShop, a new Software-as-a-Service (SaaS) product for decentralised cross-border ecommerce.

DHgate, MyyShop, ecosystem, decentralisation, China, B2B, cross-border, ecommerce, marketplace, SaaS, cross-border ecommerce, pandemic, international trade, local economy, SMEs, global trade, consumer-centric ecosystem, ecommerce infrastructure, Facebook, Instagram, WhatsApp, TikTok, online store, dropship, traffic monetisers, social commerce influencers

TikTok to initiate legal action against Trump over ban

News | Payments General | 24 Aug 2020

TikTok, a Chinese video app, has announced its intention to launch legal action to challenge a ban imposed by US President Donald Trump.

TikTok, ByteDance, Donald Trump, data, China, US, trade war, TikTok ban

Stackin' secures USD 12.6 mln in Series B funding round

News | Payments General | 03 Jun 2020

Italy-based Stackin’, a curated marketplace for fintech apps, has raised USD 12.6 million in a Series B funding round led by Octopus Ventures

Stackin’, fintech, Italy, Octopus Ventures, Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, Techstars, Wavemaker Partners, TikTok, investment

TikTok introduces Small Gestures ecommerce feature

News | Ecommerce | 29 Apr 2020

China-based video app TikTok has launched Small Gestures, a feature which allows users to send free gifts from companies that have partnered with TikTok. 

TikTok, Small Gestures, ecommerce, Adobe , DoorDash, Talkspace

Singapore to licence neobanks and wholesale banks

News | Payments General | 11 Mar 2020

Singapore’s regulatory authority has announced that in June 2020 they will issue operational licences to three neobanks in order to provide better services to underbanked enterprises.

digital banking, Singapore, fintech, MAS, Ant Financial, TikTok, licences, neobanks, Monetary Authority of Singapore

Young fans of video sharing app TikTok exploited for digital gifts

News | Digital Identity, Security & Online Fraud | 03 Jul 2019

TikTok, a video-sharing app, has apologised that some children and other young people have felt pressured into sending money to their favourite influencers on the app.

TikTok, video sharing, digital gifts, fraud prevention, safeguarding, UK