This big company wants to place bets in online market through Chinese app TicketLock

Tittock is owned by the Chinese company Bytdans.

There are many companies in the race for the acquisition of TickTock’s US business, but Walmart is going ahead in this race along with technology giant Microsoft.

New York. Walmart is undoubtedly the world’s largest retailer, but its efforts to break the online dominance of Amazon have failed. Is the answer to the fast-growing three-year-old video app Tiktok. The Donald Trump administration wants the sale of Ticketcock’s American business. Tittock is owned by the Chinese company ByteDance and the Trump administration claims that it threatens national security.

Although there are many companies in the race for the acquisition of American business of TickTalk, Walmart is going ahead in this race with technology giant Microsoft.

Tittock’s e-commerce business is quite small today but its number of users in the US is 100 million, which is about one-third of the country’s population. Many of these buyers are young people and they cannot be reached through traditional media and advertisements.

(Also read- Airtel Plan! Once recharged, this plan will run for the whole year, you will get free calling and many benefits)“The future customers of Walmart or Amazon will be the ones TickTock will offer,” said Amit Shah, chief strategy officer at Vetax, the online marketplace for various brands.

However, analysts are hopeful about one thing, Walmart can make inroads into the online shopping market with the help of TicketLock. He believes that Walmart can strengthen its presence in the online market with the help of Microsoft in the field of logistics and fulfillment and on the technology front.

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