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WALMART INC.

(WMT)
  Report
Delayed Nyse  -  04:00 2022-12-02 pm EST
153.22 USD   -0.10%
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TikTok to partner with TalkShopLive for U.S. live shopping - FT

10/01/2022 | 10:17am EST
FILE PHOTO: TikTok head office in United States

(Reuters) - TikTok is due to enter a partnership with Los Angeles-based TalkShopLive to launch its live shopping platform in North America by outsourcing its operation, the Financial Times reported on Saturday citing two people familiar with the operations.

The companies are still finalizing the arrangements, the FT report said, adding that no contracts have been signed so far.

TikTok and TalkShopLive did not immediately respond to Reuters' requests for comment.

Bytedance-owned TikTok's live shopping platform TikTok Shop is available in Asian markets including Thailand, Malaysia and Vietnam. It was launched in the U.K. last year, according to the report.

TikTok Shop allows users to buy products through links on the app during live broadcasts, and the Los Angeles based TalkShopLive app works on a similar concept. TalkShopLive describes itself as a "live streaming, social buying and selling platform", on its website.

TalkShopLive signed an agreement with U.S. retailer Walmart last year to provide shoppable content through embeddable videos across Walmart.com.

The reported partnership comes at a time when TikTok, which counts the United States as its largest market, is facing scrutiny from U.S. lawmakers questioning the Chinese-owned app's safeguards of user data.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Josie Kao)


ę Reuters 2022
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Analyst Recommendations on WALMART INC.
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Financials (USD)
Sales 2023 601 B - -
Net income 2023 9 571 M - -
Net Debt 2023 43 912 M - -
P/E ratio 2023 43,9x
Yield 2023 1,47%
Capitalization 413 B 413 B -
EV / Sales 2023 0,76x
EV / Sales 2024 0,74x
Nbr of Employees 2 300 000
Free-Float 51,9%
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Technical analysis trends WALMART INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 39
Last Close Price 153,22 $
Average target price 159,80 $
Spread / Average Target 4,29%
EPS Revisions
Managers and Directors
C. Douglas McMillon President, Chief Executive Officer & Director
John David Rainey Chief Financial Officer & Executive Vice President
Gregory B. Penner Non-Executive Chairman
Clay Johnson Enterprise Chief Information Officer & EVP
Jerry R. Geisler Chief Information Security Officer & Senior VP
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