In a Wall Street Journal exclusive, TikTok said on Tuesday that it is delaying the opening of its U.S. shop, originally scheduled to launch in late 2022.
The company said the delay is due to "ongoing conversations with regulators" about the shop's potential impact on competition.
TikTok Shop is a social commerce platform allowing users to buy and sell products directly. The platform is currently available in a limited number of countries, including the United States, the United Kingdom, and France.
TikTok said it is still committed to launching TikTok Shop in the United States, but it is unclear when the platform will be fully available.
The company said it is "working hard" to address regulators' concerns and "ensure that TikTok Shop is a fair and competitive marketplace."
Key Points:
- TikTok is delaying the complete opening of its U.S. shop.
- The delay is due to "ongoing conversations with regulators" about the shop's potential impact on competition.
- TikTok is still committed to launching TikTok Shop in the United States, but it is unclear when the platform will be fully available.
- TikTok said it is "working hard" to address regulators' concerns and "ensure that TikTok Shop is a fair and competitive marketplace."
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