Latest news with #TikTok-related
Yahoo
16-07-2025
- Business
- Yahoo
ARMLOGI HOLDING CORP. ANNOUNCES INTEGRATION AS A WAREHOUSE PROVIDER FOR TIKTOK SHOP MERCHANTS
WALNUT, CA, July 16, 2025 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. ('Armlogi' or the 'Company') (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced that it has been approved as a fulfillment partner as part of TikTok Shop's TikTok Shop warehouse program. Across sites in California, Texas, Illinois, an\d New Jersey, Armlogi has allocated over 1,300,000 square feet of operational capacity for TikTok-related fulfillment activities, with room for further scale depending on order growth and seasonal demand. Armlogi warehouses primarily support categories including home goods, electronics, fashion, and consumer products. By leveraging Armlogi's U.S. warehouse footprint, TikTok Shop cross-border sellers can offer localized fulfillment, reducing delivery times from weeks to a few days, while complying with platform service level agreements. Through an integration with TikTok Shop, Armlogi ensures real-time inventory syncing, order flow automation, and shipment tracking—delivering superior operational efficiency and accuracy for merchants and sellers on TikTok Shop. This opportunity is expected to directly support over 50 warehouse jobs initially, with the potential to expand as order volume increases, particularly during seasonal sales and platform campaigns. With over 1,300,000 square feet across multiple fulfillment centers, Armlogi is fully equipped to handle peak-season spikes. "Working with a global leader like TikTok Shop demonstrates our commitment to serving the rapidly evolving e-commerce landscape," said Aidy Chou, Chairman and CEO of Armlogi. "Being among the U.S. 3PLs integrated into TikTok's warehouse program validates our technological capabilities. Our extensive warehouse network and advanced API integration enable TikTok Shop sellers to deliver the fast, reliable service that today's consumers expect." In addition to warehousing, Armlogi provides comprehensive value-added services including order picking, packing, shipment processing, real-time inventory synchronization, returns handling, relabeling, and container unloading as part of a full-service fulfillment solution. "This initiative reinforces our ongoing investment in the U.S. logistics ecosystem, contributing to regional employment and supporting the growth of digital commerce infrastructure," added Mr. Chou. "As TikTok Shop continues to reshape the retail landscape, we're proud to provide an exceptional customer experience." About Armlogi Holding Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With ten warehouses covering over three and a half million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company's warehouses are equipped with facilities and technology for handling and storing large and bulky items. Armlogi is a member of the Russell Microcap® Index. For more information, please visit Forward-Looking StatementsThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as 'may,' 'should,' 'expects,' 'anticipates,' 'contemplates,' 'estimates,' 'believes,' 'plans,' 'projected,' 'predicts,' 'potential,' or 'hopes' or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. Company Contact:info@ Investor Relations Contact:Matthew Abenante, IRCPresidentStrategic Investor Relations, LLC Tel: 347-947-2093Email: matthew@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NDTV
01-07-2025
- Business
- NDTV
Trump's 'Wealthy' TikTok Buyer Is Same Group Behind A Previous Stalled Bid
The prospective buyer of TikTok's American operations cited by President Donald Trump is the same investor consortium including Oracle Corp., Blackstone Inc. and venture capital firm Andreessen Horowitz, whose bid for the app had stalled amid US-China trade tensions, according to a person familiar with the matter. Trump said in an interview aired on Sunday that he had identified a contender to purchase the popular social media app from its Chinese parent ByteDance Ltd. but stopped short of naming the winning bidder. He also said that completion of any sale would be contingent on the Chinese government, including President Xi Jinping, dropping its longstanding opposition. "We have a buyer for TikTok, by the way. I think I'll need probably China approval and I think President Xi will probably do it," Trump said in a pretaped interview with Fox News's Sunday Morning Futures with Maria Bartiromo. "It's a group of very wealthy people." A person familiar with the discussions confirmed that the buyers group cited by the president was the one involving Oracle and Blackstone that had come close to reaching agreement with ByteDance in April but was halted when China withheld its approval following the US president's decision to impose sweeping tariffs. That potential agreement would have granted new outside investors 50% of TikTok's US business in a unit that would be spun off from ByteDance. ByteDance's existing US investors would also own about 30% of the business, cutting the Chinese firm's stake to just below 20% and allowing it to meet the ownership requirements of the US security law. Oracle would take a minority stake in the operations and provide security assurances for user data. White House Press Secretary Karoline Leavitt said Monday that discussions were continuing "at the highest level" with China. "We have another 90-day extension, and it's just to continue to work out this deal and make sure that TikTok stays on for the American people," she told reporters. Blackstone declined to comment, while representatives from Oracle, Andreessen Horowitz, ByteDance and TikTok didn't respond to requests for comment. Trump addressed the fate of the video-sharing platform days after the US and China signed an agreement to ease trade tensions that had flared since he imposed tariffs of as much as 145% on Chinese imports. Under the accord finalized last week, the US dropped those tariffs to 30% and promised to resume shipments of ethane, jet engines and chip-design software as long as China honored a pledge to remove some barriers on rare earths exports. That deal, though, left unanswered whether China might drop its objections to a sale of TikTok by ByteDance. When asked about the buyers mentioned by Trump, Chinese Foreign Ministry spokeswoman Mao Ning told reporters at a regular press briefing in Beijing earlier Monday that on TikTok-related issues, China "has reiterated its principled position," saying she had nothing further to add. Under a law signed by then-President Joe Biden last year, ByteDance was directed to divest TikTok's US unit by Jan. 19 or face a ban of the app over national security concerns. The company has balked at selling a lucrative business valued from $20 billion to as high as $150 billion depending on the proposed terms and technology included. Trump has since extended the deadline three times to allow more time for a deal to take shape that would spare TikTok's US operations from a shutdown. His latest extension carries through mid-September, and Trump said during the interview aired Sunday that he would reveal the buyers group "in about two weeks."
Business Times
30-06-2025
- Business
- Business Times
Trump says TikTok buyer group found, needs China nod
[WASHINGTON] President Donald Trump said he has identified a buyer for the US operations of TikTok, the social media app owned by Chinese company ByteDance, without naming the winning bidder. Completing a sale would be contingent on Beijing and President Xi Jinping's agreement, Trump added in a pre-taped interview on Fox New's Sunday Morning Futures with Maria Bartiromo. ByteDance and the Chinese government have long opposed such a deal. 'We have a buyer for TikTok, by the way. I think I'll need probably China approval and I think President Xi will probably do it,' the US president said. 'It's a group of very wealthy people.' US and Chinese officials affirmed at the end of last week that they've agreed a trade framework, moving towards settling trade hostilities following talks in London earlier in June. ByteDance's US future has hung in the balance for years, starting with the first Trump administration putting pressure on the Beijing company to sell the asset to an American entity. A January deadline for ByteDance to find a local buyer was pushed back twice by Trump, who this month extended it again by a further 90 days from Jun 19. The US Congress passed a law last year requiring the divestiture, citing national security concerns. Under the law, the president was allowed to invoke one extension. But Trump has mused that TikTok in the US could be worth as much as one trillion US dollars and repeatedly shown a willingness to broker a deal. Movement on a sale had largely stalled as US-China trade ties frayed due to a larger clash over tariff negotiations. Before Trump announced widespread tariffs in April, a deal was said to be close, advanced by a consortium of US investors including Oracle, Blackstone and venture capital firm Andreessen Horowitz. The White House did not respond to a request for more details on Trump's latest remarks. When asked about the deal mentioned by Trump, Chinese Foreign Ministry spokeswoman Mao Ning told reporters at a regular press briefing in Beijing on Monday (Jun 30) that on TikTok-related issues, China 'has reiterated its principled position,' saying she had nothing further to add. Representatives from ByteDance and TikTok did not respond to requests for comment. BLOOMBERG
Local Italy
22-02-2025
- Local Italy
Inside Italy: Is TikTok tourism ravaging Italian travel destinations?
Inside Italy is our weekly look at some of the news, talking points and gossip from Italy that you might not have heard about. It's published each Saturday and members can receive it directly to their inbox, by going to their newsletter preferences or adding their email to the sign-up box in this article. The impact of video-sharing social media platform TikTok on tourism in Italy has been a subject of debate in national news media and TV shows this week after dozens of videos showing sightseers standing (or, sometimes, skiing) just metres away from lava flows on Mount Etna went viral. The TikTok clips led Sicilian authorities to issue warnings about the risks of getting too close to the flowing lava. 'I've seen many photos and videos of people dangerously close,' said Carlo Caputo, the mayor of Belpasso, a town south of Mount Etna. This exposes tourists to 'serious risks, as the lava, interacting with the snow, can instantly vaporise it and, with thermal energy being released, it may violently hurl fragments or rocks,' he added. But this was only the latest in a number of tourism-related incidents linked to viral TikTok footage. In late January, the popular ski resort of Roccaraso, in Italy's central Abruzzo region, was overrun by over 10,000 day-trippers in the space of a few hours after Neapolitan TikTok star Rita De Crescenzo posted live videos of the resort to her 1.7 million followers. The influx of tourists clogged the road leading up to the resort and overcrowded its ski slopes, sparking anger among the town's 1,500 residents. Swathes of the resort were also reportedly left completely strewn with rubbish by groups of irresponsible visitors. Roccaraso authorities have since introduced crowd-control measures, capping the number of tourist buses that can enter the town on weekends at 100, while also requiring bus operators to pre-book their trips online. In another TikTok-related incident last November, the Church of Saint Ignatius of Loyola in Rome was overrun by thousands of social media users looking to capture their reflection in a mirror intended to offer a unique perspective of the building's ceiling fresco. The item has since become known as Rome's 'best selfie mirror'. But as the list of overcrowding episodes spurred by viral TikTok content seems destined to grow further in the coming months, some Italian reporters and commentators have already accused so-called 'TikTok tourism' of 'destroying' Italian travel destinations. Though I think that 'destroying' may be too strong a word to describe the phenomenon, I don't find these comments to be too far off the mark. Following incidents in Italy as well as in other world countries, including China and the US, there is enough available evidence to confidently state that TikTok content is capable of funnelling thousands of visitors into a place within hours. This can have a major impact on lesser-known areas, as local infrastructure is in most cases incapable of coping with large numbers of visitors. But besides creating crowd-management issues for authorities and giving headaches to residents looking to go about their lives peacefully, huge flows of visitors can also pose significant safety risks, as has been the case on Mount Etna in recent days. The head of Sicily's Civil Protection agency, Salvo Cocina, said on Facebook last weekend that 'wild' parking on the volcano's slopes had blocked key rescue routes, obstructing emergency vehicles. He also warned about the 'risk of falls', which 'increases proportionally to the number of people' crowding the sides of the volcano. As a final point, besides overcrowding issues, media reports have also drawn parallels between the rise of TikTok as a primary source for travel planning and an increase in 'unethical tourism', meaning practices that harm local communities, damage the environment or disrespect cultural traditions. So all in all, in answer to the question of whether TikTok is ravaging Italian travel destinations, I fear that 'ravaging' may be too strong of a verb at this point. But the social media platform is surely changing travel in Italy – and not for the better.
Yahoo
28-01-2025
- Business
- Yahoo
Nevada is the most TikTok-obsessed state, study shows
LAS VEGAS (KLAS) — Nevada is officially the most TikTok-obsessed state in America, according to new data from an influencer marketing agency. A study from Socially Powerful used Google Keyword Planner to analyze 30 popular TikTok-related keywords, including 'TikTok,' 'TikTok app,' TikTok store,' and 'download TikTok,' in each state relative to population. Search volumes were an average of 12 months. That data showed the company which states had the most TikTok-related searches per 100,000 people, with Nevada at the top of the list. While other states in the top five had more overall searches, the number of searches across the state's population showed Nevada residents were searching for the app more than other states on average According to the study, there were 3902 TikTok-related searches per 100,000 people in Nevada, totaling 121,140 searches. State Rank No. of TikTok-related searches per 100,000 people Total no. of TikTok-related searched State Population Nevada 1 3902 121,140 3,104,817 New York 2 3847 769,250 19,994,379 Virginia 3 3754 323,760 8,624,511 New Jersey 4 3576 330,700 9,249,063 Florida 5 3517 760,840 21,634,529 California 6 3491 1,373,760 39,356,104 Washington 7 3437 264,250 7,688,549 Georgia 8 3274 351,070 10,722,325 Texas 9 3238 946,770 29,243,342 Arizona 10 3120 223,800 7,172,282 The state with the highest total number of TikTok-related searches is California with 1,373,760. The least-obsessed state in the country according to the data from the study is Montana, which only had 1495 TikTok-related searches per 100,000 people. TikTok was offline in the United States for around 14 hours earlier in January 2025. On President Donald Trump's first day in office for his second term, he signed an executive order delaying the TikTok ban for 75 days. The order called on Trump's attorney general to not enforce the law that banned the app while his administration determines 'the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown of a communications platform used by millions of Americans.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
