{"id":62964,"date":"2020-08-27T19:31:01","date_gmt":"2020-08-27T19:31:01","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=294862"},"modified":"2020-08-27T19:31:01","modified_gmt":"2020-08-27T19:31:01","slug":"walmart-eyes-e-commerce-gains-from-tiktok-deal","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/08\/27\/walmart-eyes-e-commerce-gains-from-tiktok-deal\/","title":{"rendered":"Walmart eyes e-commerce gains from TikTok deal"},"content":{"rendered":"

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\tWalmart joined hands with Microsoft to make a bid for troubled social media app TikTok, CNBC reported, in a move aimed at boosting its e-commerce business.<\/p>\n

Details of the arrangement were not provided, but Microsoft said previously it was exploring a purchase agreement with TikTok parent ByteDance which would “result in Microsoft owning and operating TikTok”, with other US investors invited to participate “on a minority basis”.<\/p>\n

In a statement to CNBC, Walmart said the app could provide \u201can important way for us to reach and serve omnichannel customers, as well as grow our third-party marketplace and advertising businesses\u201d.<\/p>\n

Various media previously reported TikTok conducted a few tests of shopping features on its platform in late 2019 and early 2020, but the company has yet to make those tools widely available.<\/p>\n

The news of Walmart\u2019s interest came as Reuters reported ByteDance was nearing a deal to offload TikTok’s US, Canada, Australia and New Zealand operations for between $25 billion and $30 billion.<\/p>\n

Earlier this month, US President Donald Trump ordered ByteDance to sell TikTok\u2019s US business within three months [1], claiming the parent’s ties to China posed a national security risk. Besides Microsoft, Oracle and Twitter were also floated as potential suitors.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/trump-gives-tiktok-owner-90-days-to-ditch-us-assets<\/p>\n\n

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Walmart joined hands with Microsoft to make a bid for troubled social media app TikTok, …<\/p>\n

The post Walmart eyes e-commerce gains from TikTok deal<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Walmart eyes e-commerce gains from TikTok deal - ITTeacherITFreelance.hk","description":"Walmart joined hands with Microsoft to make a bid for troubled social media app TikTok, ... The post Walmart eyes e-commerce gains from TikTok deal appeared fir"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/62964"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=62964"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/62964\/revisions"}],"predecessor-version":[{"id":62965,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/62964\/revisions\/62965"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=62964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=62964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=62964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}