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E-Commerce Livestreaming in U.S. Heats Up as TikTok and Walmart Broadcast Joint Session

By Anniek Bao / Dec 21, 2020 01:06 PM / World

TikTok concluded its first livestreamed e-commerce sales session featuring U.S. retail giant Walmart on Friday night, with up to 20,000 viewers watching the one- hour show.

The TikTok-Walmart partnership comes after the Beijing-based owner ByteDance agreed in September to sell a stake in TikTok to Walmart Inc. and Oracle Corp.

The Walmart tie-up represents one of the global video company’s first experiments with e-commerce livestreaming outside China. TikTok’s Chinese equivalent Douyin ranks second behind Alibaba’s livestream site Taobao Live in the domestic market.

The competition over live-streaming e-commerce in the U.S. looks set to become heated as Amazon and Facebook have also rolled out e-commerce features, trying to capitalize on consumers cooped up at home during the pandemic.

Read the full story here.

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