22/12/2021
TikTok owner ByteDance has created a stand-alone shopping app in China, similar to its platform in Europe, betting on the new trend of Gen Z consumers buying on tips from online influencers.
The move is set to intensify competition in China’s e-commerce market where Alibaba Group Holding, JD.com and Pinduoduo are jostling for the attention of China’s online shoppers.