Shopify Expands Partnership With TikTok

Shopify announced recently that is looking to expand its partnership with Chinese social media platform TikTok.

The love-story between China and Canada, which by the way harbors a vibrant and massive Chinese community, started last fall, back in October if memory serves.

Back in May, 2020, Shopify signed a deal with Facebook, which also owns Instagram, by launching Facebook Shops, a free e-commerce tool that helps merchants to customize their online storefronts for Instagram and Facebook.

Moreover, Shopify currently works with YouTube for integrating e-commerce intro world’s biggest video-streaming platform. Earlier in March, Shopify announced that Shop Pay will be available to customers selling on both Instagram and Facebook.

In other news, the Canadian e-commerce giant is looking to raise $1.55 bn in stock offering this year, by selling 1,180,000 subordinate voting shares at $1,315 USD per share, to the tune of $1,551,700,000 USD.

This would be Shopify’s 3rd share offering for the past 9 months, and the company said the net proceeds will be used to provide flexibility to fund growth, as well as strengthen its balance sheet.

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