TikTok sellers from China upset over alleged stricter rules in US; app under FTC radar

News Snapshot:

Chinese e-commerce merchants selling products on TikTok Shop in the U.S., as an alternative to Amazon (AMZN), are worried by moves, they say, the company has made for stricter adherence to rules for overseas sellers starting shops on the app, Reuters reported. In recent weeks, TikTok — owned by Chinese company ByteDance (BDNCE), which is facing a threat to either sell the U.S. operations of the app or face a ban in the country — has taken a tougher stance to enforce its internal rules, the report added citing five Chinese vendors on the site and an industry association which...