TikTok’s e-commerce business has undergone business adjustments in the past few months. Notably, the platform has introduced a new model for its e-commerce project codenamed Project S. In simple terms, Project S operates with a full custody model. Under the model, merchants are only responsible for supplying goods, while the platform covers operations and fulfillment.
launched a warehousing program called ‘AquaMan’ in the United States and the United Kingdom
Shein and Temu were accused in a report by the U.S. House of Representatives of using small packages to evade customs duties. For TikTok, which is already facing geopolitical crises, this will also pose challenges to its e-commerce business development.
United States House of Representatives on China-US economic competition pointed out that last year, about 210 million packages from Temu and SHEIN were exempted from import tariffs due to their value not reaching the $800 threshold.
US lawmakers proposed a bill to terminate tariff preferences for goods from China and Russia.