TikTok Shop increases seller fees and cuts subsidies, Information reports

TikTok on Wednesday told sellers it will begin taking a larger share of the sales made on its app by raising the commission it charges on most items to 8% over the next few monhts from the current structure of 2% plus 30c per transaction, The Information’s Theo Wayt and Ann Gehan report. Meanwhile, TikTok Shop has started cutting some subsidies for merchants that sell on the app, the authors say, citing a person familiar with the matter. Shares of Shopify are off earlier lows since the story dropped, but are still down 2.5% in afternoon trading.