TikTok looks to expand its share of US markets with logistics investments + has China come out on top in the chip wars?

TikTok is banking on logistics: Chinese video sharing platform TikTok is looking to make use of r its substantial streaming audience as it looks to wrest a share of the US e-commerce market from market leader Amazon, WSJ reports. The platform is setting up a network of warehouses and fulfillment operations, and taking on day-to-day tasks such as inventory management and delivery from the wide range of independent merchants selling goods on the application. Unlike Amazon however, the company is outsourcing these operations to logistics service providers such as ShipBob and Newegg, WSJ said.

Does Huwaei’s new phone mean that China has come out on top in its ‘Chip War’ with the US? August 2023 saw Chinese tech company Huwaei release the Mate 60 series, a handset powered by Charlotte, a chip manufactured by state-backed chip maker Semiconductor Manufacturing International Corporation (SMIC). The Financial Times is out with a big read on the event that marks an abrupt turn around for China’s semiconductor supply chain woes, which started when the US moved to limit China’s access to advanced semiconductors and chip manufacturing technology. You can read the full story here.