You could open up the TikTok app and snap a picture of it to find similar items available for purchase on TikTok Shop.
The ability to use image search for shopping is something that Google has offered for years with Google Lens, its visual search tool.
TikTok recently revealed that TikTok Shop now has more than 15 million sellers worldwide, including over 500,000 in the U.S.
It spent more than $400 million on platform safety and created a team of more than 7,500 people to help keep TikTok Shop safe.
TikTok has been betting big on e-commerce, as it sees TikTok Shop as its next big potential revenue source.
YouTube announced on Tuesday that it’s launching new Shopping features that allow creators to curate shoppable collections, better plan their shoppable videos, quickly monetize older videos and more.
The launch of the new features come as TikTok Shop is seeking to take on YouTube Shopping and other competitors in the space.
TikTok is reportedly aiming to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year.
YouTube is launching “Shopping Collections” to allow creators to curate products from their favorite brands for users to browse through.
By allowing users to connect their Fourthwall shop, YouTube is making it easier for users to create and manage their content directly in YouTube Studio.
EBay on Tuesday launched a new generative AI-powered feature to appeal to fashion enthusiasts: a “shop the look” section within its iOS mobile app that will suggest a carousel of images and ideas, based on the customer’s shopping history.
The idea is to introduce how other fashion items may complement their current wardrobe.
“Shop the look” will appear to any eBay shopper who has viewed at least 10 fashion items over the past 180 days, the company notes.
Google last summer introduced a way for consumers to virtually try on clothes using a new AI shopping feature, for example.
“Shop the look” will initially be available on iOS in the U.S. and U.K., with support for Android coming later this year.
TikTok ban could harm Amazon sellers looking for alternatives The ban could prematurely end TikTok's e-commerce dream and hit sellers seeking new channelsIn March, the U.S. House of Representatives overwhelmingly passed a bill that could force ByteDance to divest TikTok or face a ban in U.S. app stores.
Research from Jungle Scout, an Amazon data intelligence provider, provides some idea of TikTok’s e-commerce impact, however.
It found that 20% of Amazon sellers, brands, and businesses have plans to expand to TikTok Shop this year.
TikTok isn’t the only platform on the list for merchants looking for more channels beyond Amazon to expand their customer bases.
But if TikTok Shop’s strategy is mainly focused on bringing offline businesses online for the first time, that could be a very big move.
Investing app Grifin today officially launched its anticipated investing model called “Adaptive Investing,” which enables you to automatically invest in your favorite brands that you frequently shop from.
“Investing, and even having a healthy positive relationship with money, is an incredibly difficult thing to do and achieve,” co-founder Aaron Froug tells TechCrunch.
It also introduces a “Secret Cash” function, allowing for non-public purchases and putting more money away as cash for their future.
“I’ve been personally using our app for a little over two years and I’ve invested in 115 unique companies,” he notes.
Additionally, Grifin is planning a redesign of its app, which will include a premium version as well as an AI chatbot to help people learn how to invest.
The move is part of the company’s plans to turn TikTok Shop into a multi-billion dollar e-commerce business in the United States.
During the Black Friday and Cyber Monday season in November, more than 5 million new U.S. customers purchased something via TikTok Shop.
The new feature would bring TikTok Shop links to regular content on the app, which may not be a welcome change for some.
New data reveals that TikTok’s growth has started to slow, raising the question of whether the app’s TikTok Shop e-commerce efforts could be to blame.
The slowdown comes on the heels of the launch of TikTok Shop in the U.S.People have been debating online whether TikTok Shop has “ruined” the app, with some lamenting that TikTok Shop was turning the app into an “ad-filled wasteland.”In addition to bringing TikTok Shop links to more videos on the platform, TikTok is also exploring other ways to boost its e-commerce business.
Now, new data indicates that TikTok’s growth has started to slow, begging the question if the app’s move into e-commerce via TikTok Shop is to blame.
According to new data from market intelligence firm Sensor Tower, while TikTok’s growth remains positive, that growth is decelerating.
The change comes on the heels of TikTok’s launch of TikTok Shop in the U.S.
While TikTok users are adapting to their favorite social network turning into an online mall, TikTok’s Shop Seller app, which powers its e-commerce initiative, has grown.
However, users aren’t yet so upset with TikTok Shop as to abandon the app for Instagram Reels.
Memphis-based Dextrous Robotics is calling it a day.
The news, noted by the Robot Report, was confirmed by the warehouse robotics firm’s CEO, Evan Drumwright, on LinkedIn.
Last year, Dextrous made headlines for its novel approach to truck unloading.
The titular dexterity (not to be confused with fellow truck unloading robot firm Dexterity AI) allows the system to approach boxes from a variety of vantage points and angles.
“We started Dextrous Robotics four years ago to organize our world with machines and focused on automating one of the most dangerous tasks in the industrialized world,” says Drumwright.
TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg.
As Bloomberg previously reported, TikTok was on track to amass around $20 billion in global gross merchandise value last year.
In addition, the report says the company is planning to launch TikTok Shop in Latin America in the coming months.
The report indicates that during the Black Friday and Cyber Monday season in November, more than 5 million new U.S. customers purchased something via TikTok Shop.
TikTok Shop has also started to reduce some subsidies for merchants.
Lolli, a bitcoin and cashback rewards application, has raised an $8 million Series B round, TechCrunch has exclusively learned.
Its rewards program awards its users with bitcoin or cashback when they shop online or in person at restaurants and stores.
The app gives up to 30% back on purchases, with an average of 7% back in bitcoin or cashback rewards.
Since its inception, Lolli has given over $10 million in bitcoin rewards, in addition to cashback rewards, Adelman said.
The company plans to use the momentum in the markets to “drive more revenue to partners and bring more major companies into offering bitcoin rewards,” Adelman said.
