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TikTok has been hinting at e-commerce in the US for a while and it's a major part of the business model of its parent company ByteDance in Asia. Now TikTok will be competing with the likes of Amazon as well as companies like Shein and Temu for US e-commerce. Suzy, your review of this story in 60 seconds is... Suzy Davidkhanian:.

This is pushing some shoppers to borrow more: Consumer debt rose by one-third in 2022, per the money.co.uk debt index. That鈥檚 helped boost the growth of flexible payment options like BNPL. But critics allege that BNPL exploits users and can increase debt problems. More than 2 in 5 UK BNPL customers borrowed money to make repayments, per Citizens Advice.

As US regulators ease Big Tech scrutiny, the UK is intensifying investigations into Apple and Google鈥檚 duopoly, potentially reshaping how these companies operate abroad.

It launched in the UK in November and said that early results are consistent with its expectations. Affirm will soon begin testing with Shopify in the UK, its first enterprise partner in the market. The BNPL provider also expanded into medications for the first time through a partnership with GoodRx.

After three years of wild fluctuations in retail and ecommerce sales growth, a sense of stability and normalcy is slowly emerging. A healthy if unspectacular rebound for ecommerce is in the cards, and most national markets are heading in the right direction.

Any solid ecommerce business should already have top-notch search functionality. But this is doubly important for retail media, since 64.8% of US retail media ad spend will come from search next year, according to our forecast. Make sure you have a solid tech stack.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

According to The Verge, users in Canada and the UK began to receive prompts earlier this month stating that July the 13th was the last day that viewers on this plan could continue watching content. Paul, what will this mean for the Netflix subscription landscape in Canada? Paul Briggs (05:49):. Yeah, my sense is that it'll have a marginal impact.