Business
from24/7 Wall St.
7 hours agoCiti Hikes eBay Price Target to $127: Better Execution Drives Q1 Beat
Improving operational execution and momentum in targeted growth categories support a higher eBay price target and continued Buy stance.
This is all part of TikTok's major push to convert the platform into an eCommerce superpower, re-creating the same path to success that the app saw in China, with the local version of the app. On Douyin, the China-only version of TikTok, live shopping, in particular, has been a big winner, with the platform generating $US490 billion in gross merchandise sales in 2024. Douyin has expanded its in-stream sales to all elements of shopping, including groceries, meal delivery, and more.