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The gross merchandise value (GMV) of TikTok e-commerce in 2021 totaled about 6 billion yuan ($951 million), of which 70% or more came from Indonesia and the remaining 30% or less came from the U.K.
Jiang Lu, a senior scientist at Google and part-time professor at Carnegie Mellon University's School of Computer Science, has joined TikTok.
The United States Congress recently held a hearing on TikTok after a three-year hiatus, revisiting concerns over the app's ownership by ByteDance and the possibility of separating it from the Chinese parent company or outright banning it in the US.
Major U.S. media group NBCUniversal has reached a cooperation agreement with TikTok to promote the upcoming Beijing Winter Olympics using short videos.
SHEIN, a cross-border fast fashion platform based in China, is piloting a model similar to Taobao in Brazil, whereby merchants set up stores directly on the site and are responsible for their own operations and logistics.
TikTok-owner ByteDance has appointed Julie Gao from international law firm Skadden as its new chief financial officer (CFO), according to an internal memo sent by ByteDance chief executive Liang Rubo on Monday.
Tesla CEO Elon Musk responded to concerns of Tesla spying for the U.S. government.
Between January 31 and February 6, the sales volume of goods sold on Douyin e-commerce platform increased by 119% compared with the same period last year.
TikTok owner ByteDance is planning to launch an offshore public listing for short video app Douyin, the Chinese version of TikTok, which could value the company at roughly $400 billion in the private market.
Mobile app data analysis firm Sensor Tower released a report Thursday claiming that in May, TikTok and its sister app for mainland China, Douyin, earned more than $277 million from the App Store and Google Play.
The popular short video sharing platform TikTok will cooperate with Virtual Dining Concepts to launch TikTok Kitchen, to provide food delivery services in the United States from March 2022.
![[Exclusive] Zhang Yiming’s Full Internal Letter: ByteDance 'Understands' US Decision, Still Aspires to Become Transformative Global Company](https://assets.pandaily.com/uploads/2020/08/zhangyiming.jpg)
On August 3, at 12:40 PM, Beijing local time, ByteDance founder Zhang Yiming sent out an all-staff letter in response to the potential sale of TikTok’s US operations.