ADVERTISEMENT
Wednesday, June 10, 2026
Tech | Business | Economy
No Result
View All Result
  • Technology
    • Trends
    • Telecoms
      • Broadband
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • EnterpriseTECH
    • Security & Data Protection
    • How To
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
    • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Assets
      • GameTech
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • TBS
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
Wednesday, June 10, 2026
Tech | Business | Economy
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Home » TikTok Shop Set for Launch amidst U.S. Pressure for App’s Sale, Ban

TikTok Shop Set for Launch amidst U.S. Pressure for App’s Sale, Ban

Adetunji Tobi by Adetunji Tobi
July 23, 2024
in Company News, Fintech
Reading Time: 2 mins read
0
UK Fines Tik Tok

Tik Tok CEO , Shou Chew.

 

ByteDance Limited, a social media startup, has reportedly told partners including merchants and creator agencies in recent weeks to get ready for a TikTok Shop debut in the two countries, according to Bloomberg reports.

The rollout will be smaller than previously envisioned although preparations are underway to bring the portal to other parts of Europe next year, the people said, asking not to be identified discussing private information.

A TikTok spokesperson didn’t comment on Shop’s plan in Europe, but said the company will “continue experimenting with this new commerce opportunity to support businesses of all sizes and enable our community to discover and engage with products they love.”

TikTok Shop has recruited a team of about 40 workers in Spain, making it one of the company’s largest e-commerce outposts in Europe, according to the people. The firm is also hiring Spanish speakers in places like Madrid and London for roles ranging from logistics to compliance and strategies for Shop, according to its job site.

Subscribe to our Telegram channel for the latest updates.

Follow the latest developments with instant alerts on breaking news, top stories, and trending headlines.

Join Channel

The plan for a smaller European debut may signal that the company is seeking to widen its reach without attracting further scrutiny from the region’s authorities. The EU’s General Court has ruled that the Chinese social media platform can’t escape a new law which reins in big tech firms and regulators are investigating whether TikTok created potentially harmful features for children.

TikTok had initially intended to bring the Shop feature to Spain, Germany, Italy, France and Ireland earlier this year, but delayed the expansion to focus on the US, Bloomberg News reported in May.

The US remains TikTok’s most important market, with 170 million users monthly, and the company is fighting a divest-or-ban law by entrenching itself deeper into the local economy.

It plans to grow its US merchandise volume tenfold to as much as $17.5 billion this year. Republican presidential candidate Donald Trump has said he no longer plans to ban TikTok if he wins the election.

TikTok Shop — which combines addictive video content with impulse-buying in visual fashion — is the app’s fastest-growing feature. The combination of eye-catching videos, popular influencers and full-scale commerce sets it apart from rivals like Instagram and YouTube, and opens a path for the firm to take on Amazon.com Inc.
Some of ByteDance’s best talent lead TikTok Shop. Bob Kang, who built Douyin’s e-commerce business from scratch, heads Shop globally, with a focus on the US. Kevin Chen, who ran ByteDance’s Toutiao news app, is now in charge of Shop in Europe. Both executives have to compete with other popular e-commerce offerings in those markets, including Shein and PDD Holdings Inc.’s Temu.

0Shares
Previous Post

Mercury Bank Sets Date to Close Accounts Associated With Nigeria…See Why

Next Post

Q2 Media Performance Review: Banking | Insurance | Telecom CEOs in Focus

Adetunji Tobi

Adetunji Tobi

Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

Related Posts

Lagos SHIP and Invest Lagos 3.0 by Interswitch (1)

Invest Lagos 3.0: Interswitch Highlights Lagos SHIP as Forward-thinking PPP

June 10, 2026
Yuno Partners Onafriq

Yuno Integration with Onafriq Opens 43 African Markets and One Billion Mobile Wallets to Global Merchants

June 9, 2026

Ghana’s Energy Challenges: Is it ‘Déjà Vu’ All Over Again?

June 9, 2026
Load More
Next Post
Q2 Media Performance Review of Top CEOs in Q2 2024

Q2 Media Performance Review: Banking | Insurance | Telecom CEOs in Focus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast
Techeconomy Podcast

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
byTecheconomy

Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?

In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.

🎙️ Featured Speakers:

* Ebunoluwa Ashley-Dejo

* Damilare Davola

* Success Ajilore (STN & Accelerated Plus)

Key conversations in this webinar include:

✔️ The future of startup financing in Africa

✔️ Venture debt and alternative funding models

✔️ The role of local investors in scaling innovation

✔️ Sustainable investment strategies for African startups

✔️ Opportunities and challenges in the African tech ecosystem

Subscribe for more conversations shaping Africa’s digital economy and innovation landscape.

#TBS2026 #AfricanInnovation #VentureDebt #StartupFinance #TechInAfrica #Techeconomy #AfricanStartups #InnovationEconomy

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
May 27, 2026
Techeconomy
PROTECTING INNOVATION IN AFRICA’S STARTUP ECOSYSTEM
April 29, 2026
Techeconomy
BUILDING TRUST IN AFRICA ECOSYSTEM
February 27, 2026
Techeconomy
Navigating a Career in Tech Sales
January 29, 2026
Techeconomy
How Technology is Transforming Education, Health, and Business
November 27, 2025
Techeconomy
Search Results placeholder
MTN Live It 100 Thematic Campaign
ADVERTISEMENT
  • About Us
  • Careers
  • Contact Us
  • Privacy Policy

© 2026 TECHECONOMY.

No Result
View All Result
  • Technology
  • Business
  • Economy
  • Features
  • Editorial
  • Brand Content
  • TECHECONOMY TV

© 2026 TECHECONOMY.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.