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The president-elect recently said he would impose tariffs of 25% on Mexican and Canadian imports and an additional 10% on Chinese imports. During the campaign, Trump had proposed tariffs as high as 60% for Chinese goods, but business and inflationary concerns could have softened his approach.

Tech CEOs have held private meetings with Trump at Mar-a-Lago in Florida, ostensibly to discuss regulatory issues, competition, and growing geopolitical tensions with China. 鈥淢ark Zuckerberg鈥檚 been over to see me, and I can tell you, Elon (Musk) is another and Jeff Bezos is coming up next week, and I want to get ideas from them,鈥� Trump told CNBC鈥檚 Jim Cramer on Thursday.

And this sparked a viable craze among Chinese aspirational luxury shoppers because the travel book is expensive for a book, but it's nowhere near the price of a Louis Vuitton handbag. And some even went to all the shops that they could to buy different books so that they could collect all of the tote bags.

Chen at Rest at World saying that Lemon8 has also been compared to Xiaohongshu, the Chinese social media and e-commerce platform with over 200 million MAUs known as the country's lifestyle bible. And so I think ByteDance does still believe in it, and TikTok could in theory still get banned, right, Debbie? So maybe they do need a backup if that happens. Debra Aho Williamson:. Good points.

Live shopping sparks interest in younger shoppers: So far, the format is most successful as a community-building exercise for brands.

We鈥檙e showing some strength in retail ecommerce thanks to our internal assumption that the US is going to successfully achieve something of a soft landing, that inflation is going to get, by the second half, somewhat under control, and that fears of a recession are going to recede at least somewhat in the US market, leading to a very marginal rebound in the outlook for ecommerce 辞惫别谤补濒濒.鈥�.

Well, currently, "Shoppers browse on social commerce sites but shy away from purchasing," writes Zachary Russell of Chain Store Age. He points to a new survey from e-commerce software as a service company AfterShip and Ipsos showing that three in four folks browse social commerce platforms for products, but go on to buy through a retailer's website.

Areas with strong ecommerce potential include beauty ecommerce resale and rental, off-price, and limited-edition collaborations with non-luxury brands.

It鈥檚 just a first step: Zelle operator Early Warning Services is launching the Paze ecommerce checkout solution. And FedNow offers several use cases to help banks of all sizes tighten relationships with their customers. Banks can combine Zelle, Paze, and FedNow鈥攇iving payment providers opportunities to partner with them. Declining remittance pricing is driving innovation and partnerships.

Alibaba was the world鈥檚 No. 1 digital retailer in 2021 with $1.249 trillion in ecommerce gross merchandise value (GMV). Amazon ranked No. 2, with ecommerce GMV of $602.0 billion, while JD.com and Pinduoduo took No. 3 and No. 4, respectively.

Sales on Douyin, TikTok鈥檚 Chinese sister app, have more than tripled year over year鈥攍argely as a result of livestream commerce; our forecasts indicate that China will reach $190.95 billion in livestream commerce sales this year. US social commerce activity lags China鈥檚 by a wide margin鈥攁nd even in the US, TikTok needs to catch up to some of its competitors.

On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss what TikTok's flywheel looks like, its latest efforts to build out its own shopping platform, and what the social network has that Meta doesn't. Then, for "Pop-Up Rankings," we rank our top four existing TikTok copycat apps. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Jasmine Enberg.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

Amazon dominates in the US, but Mercado Libre is a major player in Latin America, and in China, Alibaba, JD.com, and Meituan contribute to ad inventory, our Worldwide Retail Media Ad Spending Forecast 2024 report noted. 5. Retail media will make up more than half of US search ad spend growth. Retail media will drive US search ad spend growth in the US in 2024 and beyond.

This has helped make the 2D barcode essential to everyday shopping experiences. And QR codes are often used in surprising and creative ways, such as securing a place in a queue or entering drawings. Why Adoption of Proximity Mobile Payments Varies by Country.

But that said, we have a whole new wave of e-commerce marketplace players moving into the US in a big way and trying to shake things up. I think they will have some impact. These new players have their roots in China.

In addition to its new shopping ads, TikTok also benefits from its direct line to Douyin, its Chinese counterpart, which flourishes in a country with more than 460 million social buyers, versus the nearly 100 million in the US. More like this:. Report: Influencer Marketing 2022. Article: Instagram pivots away from social commerce to sharpen its focus on advertising.

Even without the uncertain outlook for US electric vehicles, proposed tariffs on imports and materials from China, Canada, and Mexico could cause auto prices to rise significantly, complicating an already challenging environment for auto sales. We expect US automotive total media ad spend to hit $31.77 billion this year, up from $29.48 billion in 2024.

That the company would consider allowing other brands to capitalize on its own competitive advantage shows how pressured the retailer is by Temu鈥檚 well-funded rise and Amazon鈥檚 maneuverings to maintain its ecommerce dominance. A supply chain offering could go a long way toward improving Shein鈥檚 margins, which were just 3.5% in 2022鈥攏early three times lower than Inditex鈥檚 in the same period.

Visa estimated that the global personal consumption expenditures in 2022, excluding Russia and China, was roughly $40 trillion. It says its addressable opportunity is more than $20 trillion of that spend. Half of that opportunity, per McInerny, is converting cash and check payments. Another is ACH and other electronic transactions.