TikTok plans to raise TikTok Shop’s US seller fees from 2% to 8% over the next few months; a source says TikTok has started reducing some merchant subsidies (The Information)

TikTok plans to raise TikTok Shop’s US seller fees from 2% to 8% over the next few months; a source says TikTok has started reducing some merchant subsidies (The Information)

The Information:
TikTok plans to raise TikTok Shop’s US seller fees from 2% to 8% over the next few months; a source says TikTok has started reducing some merchant subsidies  —  TikTok powered early growth in its U.S. shopping service by offering low sellers’ fees and footing the bill for deep discounts.