TikTok has recently announced that it will adopt a closed loop e-commerce system instead of a semi-closed loop system. This means that users will be able to buy and sell products directly within the app, without being redirected to external websites or apps. In this article, we will mainly analyze the reasons why TikTok will adopt closed loop and the impact on online retailers. Source: The Verge 01 What is semi-closed loop and closed loop TikTok’s semi-closed loop is a type of e-commerce system that redirects users to external websites like Shopify, for payment and delivery. Online retailers can drive visitors from TikTok to their website by live-streaming or posting links to their short videos. This means that TikTok […]