What's happened
TikTok is set to launch its shopping platform in Spain in December, while Amazon Japan faces an antitrust investigation for allegedly pressuring sellers. Both companies are seeking new revenue streams amid slowing growth.
Why it matters
What the papers say
According to the South China Morning Post, TikTok's shopping platform is set to launch in Spain, with features designed to enhance influencer engagement. Meanwhile, The Japan Times reports that Amazon Japan is facing an investigation by the JFTC for potentially anti-competitive practices, including pressuring sellers to lower prices for better visibility on the platform. Nikkei Asia corroborates these claims, highlighting the scrutiny Amazon faces in Japan as it seeks to maintain its market position amidst growing competition.
How we got here
TikTok's e-commerce expansion in Europe follows delays since its UK launch in 2021. Meanwhile, Amazon Japan's practices are under scrutiny as the company seeks to enhance its competitive edge in the e-commerce market.
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Amazon.com, Inc., is an American multinational technology company based in Seattle, Washington. Amazon focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.