Walmart to Join Nasdaq-100 Index as It Replaces AstraZeneca Following Exchange Move 
Trump Weighs Blocking Exxon Investment as Venezuela Deemed “Uninvestable” 
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
Hanwha Ocean Shares Rise on Plans to Expand U.S. Shipbuilding Capacity 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains 
Aktis Oncology Prices Upsized IPO at $18, Raising $318 Million in Major Biotech Debut 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
TikTok Shop, the e-commerce arm of the popular short-video platform, reported a significant surge in U.S. spending this holiday shopping season, capturing critical market share. Despite the potential threat of a ban, the platform has cemented its position as a formidable competitor to giants like Amazon and emerging rivals such as Shein and Temu.
TikTok Shop Surpasses Rivals
In its first full holiday season since launching in the U.S. in September 2023, TikTok Shop achieved impressive milestones. The platform announced $100 million in Black Friday sales, leveraging its vast user base of 170 million Americans. Although Reuters could not independently verify these figures, third-party data from Facteus suggests U.S. spending on TikTok Shop exceeded that on Shein and Temu in the week leading up to Cyber Monday.
Capitalizing on TikTok’s algorithm, which curates tailored content for users, the e-commerce platform enables merchants to promote products through ads and influencer partnerships. Marketing agency Hawke Media highlighted the platform’s success, with CEO Erik Huberman noting, “TikTok Shop is a new distribution channel and brands are doing really well on it.”
Challenges Loom as Ban Threatens Operations
While TikTok Shop flourishes, its parent company, ByteDance, faces mounting pressure from U.S. regulators. A federal appeals court recently upheld a law requiring ByteDance to divest TikTok in the U.S. by early 2025 or risk a ban.
Industry experts warn that a ban could significantly impact TikTok Shop’s growing e-commerce presence. Merchants and influencers would lose access to a lucrative platform that has proven successful in targeting younger consumers.
For shoppers like Jasmine Whaley, 31, of York, Pennsylvania, TikTok Shop offers a seamless experience with fast delivery and curated product recommendations. “It’s cracked the code,” she said, noting quicker delivery times than Amazon.
TikTok Shop also features “LIVE” shopping sessions, where users can purchase items directly during live-stream events. According to TikTok Shop’s U.S. Operations Head Nico Le Bourgeois, the number of live sessions has nearly tripled in the past year, signaling robust growth in this interactive sales channel.
