Potential TikTok ban threatens the US business of China’s cross-border sellers and the global ambitions of ByteDance

Luo said she was not quite sure how to answer. “If there hadn’t been this [bill], I would definitely recommend them to do so in the US,” she said, adding that her business in the US is “certainly more profitable” than those in other markets. TikTok Shop is the e-commerce service of the globally popular … Read more

Tanger SKT Q4 Earnings 2023

For Tanger Inc., it was a milestone year, capped by a fourth quarter of major square footage growth and a healthy bottom line. Across several metrics, from leasing activity to same-center net operating income, Tanger exceeded its fourth-quarter expectations, despite recent mildly declining tenant sales. Net income available to common shareholders was 22 cents per … Read more

Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager at Alibaba.com North America, said in a statement last week. The Alibaba.com booth features the e-commerce platform’s artificial intelligence-powered Smart Assistant, designed to help users … Read more