TikTok plans to ban links to e-commerce websites such as Amazon: Report
"TikTok Shop, the app's nascent shopping service, is expected to lose more than $500 million in the US this year," said the report, citing sources.
The loss reflects TikTok's heavy investment in hiring, building a delivery network and "subsidising merchants that offer double-digit–percentage discounts and free shipping," the report added. (Image credit: )