TikTok Shop Could Be a Top-3 Global Retailer by 2030, Report Shows

TikTok Shop could soon be bigger than Walmart, a new report shows. As e-commerce continues to grow rapidly, a new report from commerce agency Flywheel projects that ByteDance, the Chinese owner of TikTok Shop, could become a top-three global retailer across all categories by 2030. More from WWD The report estimates that TikTok Shop could be responsible for 14.6 percent of global marketplace share by 2030, driving roughly $1 trillion in sales. It also estimates that Amazon will take the number-one spot wi ...