PYMNTS-MonitorEdge-May-2024

TikTok

Report: ByteDance Among Bidders for Wanda Payments Unit
Report: ByteDance Among Bidders for Wanda Payments Unit
May 31, 2023  |  Acquisitions

China’s Dailan Wanda Group is reportedly selling its payments business to boost liquidity. The multinational conglomerate has held discussions about the sale with prospective buyers...

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Gen Z Takes to TikTok to Share Personal Financial Details
Gen Z Takes to TikTok to Share Personal Financial Details
May 31, 2023  |  Personal Finance

Financial institutions (FIs) may have an opportunity to pick up where social media leaves off.  Not so long ago, few people openly talked about their...

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Businesses Saying No to Unsupervised Teens
Businesses Saying No to Unsupervised Teens
May 28, 2023  |  Retail

The storied teenage tradition of the mall hangout could be coming to an end. Malls, movie theaters and other businesses around the country are increasingly...

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TikTok Testing AI-Powered Chatbot That Searches for Content
TikTok Testing AI-Powered Chatbot That Searches for Content
May 25, 2023  |  artificial intelligence

TikTok is testing an artificial intelligence (AI)-powered chatbot that helps users search for and discover content. The chatbot is called Tako and is being tested...

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TikTok Giving Oracle Code Access Amid Security Concerns
TikTok Giving Oracle Code Access Amid Security Concerns
May 23, 2023  |  Social Commerce

TikTok is reportedly giving Oracle access to its technology to ease national security concerns. According to a report Monday (May 22) by Bloomberg News, the...

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As Meta Exits, Can Amazon, Google and Reddit Get Social Commerce Right? 
As Meta Exits, Can Amazon, Google and Reddit Get Social Commerce Right? 
May 16, 2023  |  Social Commerce

The realm of social commerce is undergoing remarkable advancements with key players such as Google, Amazon and Reddit venturing into the trend of integrating eCommerce...

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Report: TikTok Winds Back US Shopping Launch
Report: TikTok Winds Back US Shopping Launch
May 10, 2023  |  Social Commerce

TikTok has reportedly paused launching its U.S. shopping platform over fears of a ban. ByteDance, the social media company’s Chinese owner, has delayed opening the...

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As TikTok Is Squeezed, ByteDance Makes Lemon8
As TikTok Is Squeezed, ByteDance Makes Lemon8
April 29, 2023  |  Social Commerce

Lemon8, the sibling app of TikTok, is steadily growing its user base while TikTok faces challenges on Capitol Hill and the first state-approved measure to...

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Social Commerce Firm Shopline Opens European Headquarters in London
Social Commerce Firm Shopline Opens European Headquarters in London
April 12, 2023  |  Social Commerce

Shopline is expanding its commerce services platform for selling on social media to Europe. The Singapore-headquartered firm has opened a European headquarters in London, adding...

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