Market Loop - 👗TikTok launches ecommerce in the UK

View this email in your browser
9th December 2021
Good morning Yesterday marked the first anniversary since Margaret Keenan became the first person in the UK, and indeed world, to receive a Covid-19 vaccine. One year on and England is heading back into more restrictions thanks to the emergence of the Omicron variant which incidentally we have been mispronouncing (OH-mee-kraan) amongst other words this year.
Share for a chance to win £100 Deliveroo voucher Share for a chance to win £100 Deliveroo voucher
Today's stories
  • TikTok launches ecommerce in the UK 
  • Monzo raises $500m
TikTok launches ecommerce in the UK 

What’s going on?
Yesterday TikTok introduced its first live shopping and entertainment event where users could buy products straight from the platform.

Why is this important?
Shopping with the help of social media, so called social shopping, is a fast-growing trend. 

China gives an insight into how lucrative it can be. In October, an internet celebrity known as “The Lipstick King” sold an incredible $1.7bn of beauty products during a 12-hour livestream on a Chinese video app.

Facebook and Instagram have been allowing consumers to buy products on their platforms for years and now TikTok wants in on the action.

The short video sharing app has taken the world by storm since launching five years ago, hitting 1bn users in record time.

TikTok’s first shopping event featured offers and discounts by beauty and tech brands like Charlotte Tilbury, L’Oréal and Nutri Bullet as well as entertainment from creators and musicians.

Social shopping is set to be a huge feature of ecommerce taking the traditional format of QVC to a new audience online. With the prize so big, the field is crowded with Facebook, Snapchat and YouTube all launching livestream products and providing further competition for high street retailers.
Monzo raises $500m

Yesterday Monzo announced that it has raised $500m, taking its valuation to $4.5bn. It’s now Europe’s third most valuable digital bank, behind Revolut ($33bn) and N26 ($9bn). 

Since launching in 2015 the app-based challenger bank has amassed 5m UK users to become the largest digital banking provider in the country.

The cash injection will fund the roll out of new products including a buy-now-pay-later service and a trading platform.

The news caps off what has been a difficult year for the bank.

It issued two warnings about its ability to survive as a business after reporting a £115m loss in the past year.

It is under investigation by financial regulators for its money-laundering measures after failing to spot nearly £10m in customer fraud.

Then in October it announced that it had pulled out of applying for a US banking license almost two years after starting the process.
Stat of the day

Last year the top 10% of income earners earned 52% of global income and the wealthiest 10% own 76% of global wealth
Other stories to keep you in the loop
  • UK to phase out 2G and 3G mobile services by 2033
  • Tesco depot staff suspend pre-Christmas pay strikes
  • Cycle lanes blamed as London becomes world’s most congested city
  • Tui hopes summer travel will fly back to pre-Covid levels
  • Nestlé sells $10bn of L’Oréal shares back to beauty giant
  • Visa launches crypto consulting services in push for mainstream adoption
  • boss apologises for firing 900 staff on Zoom call
Interesting links from around the web
Forward to Friend Forward to Friend
Not a subscriber? Join free
Sent this by a friend? Sign up here
How did you like today's email?
Get in touch with any feedback or even just to say hi

Copyright © 2021 Market Loop, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list (and break our hearts).


This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
Market Loop · 16 Great Chapel St · London, London W1F 8FL · United Kingdom

Email Marketing Powered by Mailchimp

Key phrases

Older messages

🚌Transport for London faces job cuts as funding deadline looms

Wednesday, December 8, 2021

.... and 💪 UK startup raises $11m to take activist investing to the masses View this email in your browser 8th December 2021 Good morning The award for the world's worst Zoom meeting must surely go

🍔EU regulation fears sinks Deliveroo shares

Tuesday, December 7, 2021

.... and 🎄 Tesco workers plan festive strike View this email in your browser 7th December 2021 Good morning The latest Global Drug Survey has named Australia as the drunkest country in the world after

👢Booted off?

Monday, December 6, 2021

.... and🍟 The chips are down View this email in your browser 5th December 2021 Good morning Last week the US adopted a new way for creditors to chase down debts using social media. Debt collectors can

💷Rich Brits

Friday, December 3, 2021

.... and 🎀All Thai'd up? View this email in your browser 3rd December 2021 Good morning Earlier this week, US lawmakers proposed a new bill – the Stopping Grinch Bots Act - to prevent bots from

📊UK on track for best growth in G7

Thursday, December 2, 2021

.... and 💸London crowdfunding pioneer snapped up View this email in your browser 2nd December 2021 Good morning The tenth edition of the 'Forbes 30 Under 30' list has been released featuring

10 Brilliant Social Ads Strategies That You Should Use

Saturday, January 22, 2022

Are you having trouble converting your audience on social media? 89% of consumers will buy from a brand they follow…but the digital advertising landscape is crowded, and the algorithm is always

How I'm Beating the Market Crash & How You Can To

Saturday, January 22, 2022

We haven't even reached the eye of the storm yet. Nearly the entire entrepreneurial world is getting tossed around like a rag doll. What am I talking about? The bloody crash. Cryptos are down a

The Latest From SaaStr: 7 Changes You Can Make Today To Grow Faster

Saturday, January 22, 2022

Since SaaS compounds, even doing just 5% better now can compound dramatically over time. To view this email as a web page, click here saastr daily 7 Changes You Can Make Today To Grow Faster By Jason

Why VC is booming in Europe

Saturday, January 22, 2022

Also: Don't miss our 2021 annual report on US VC; Our healthtech analyst weighs in on Lyra Health's $235M round; Global M&A Report coming next week... Read online | Don't want to

Bitcoin’s quest to become the gold standard

Saturday, January 22, 2022

The year 2022 could be a defining year for cryptocurrencies, particularly bitcoin ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

SaaStr Annual 2022: Back in person in the Bay Area. Join 10,000 SaaS Professionals This September

Friday, January 21, 2022

Save $300 til Jan 31st. To view this email as a web page, click here saastr annual 2022 Hey SaaStr Community, We're back — SaaStr Annual 2022 will be this September 13, 14, 15 in the SF Bay Area.

Progress, humanism, agency: An intellectual core for the progress movement

Friday, January 21, 2022

Also: Meetup in SF, Feb 26; Five Questions with James Pethokoukis View original blog posts Roots of Progress Meetup in SF, Feb 26: Progress Studies + Effective Altruism There will be a Progress Studies

Update: Crypto Business podcast with Michael Stelzner

Friday, January 21, 2022

Hey, Reader! We've got some exciting news. Not only did we launch the Crypto Business podcast on Apple Podcasts, Google, Spotify, and Amazon Music—we did even one better. I realize so many of you

EdTech lessons used by Google and Dropbox

Friday, January 21, 2022

EdTech lessons used by Google and Dropbox By EdTech – we're talking growth mentality. Which is great when you're in it. Our copywriter (hi) knows that can be more elusive these days. And

Top ecommerce trends to watch in 2022.

Friday, January 21, 2022

Dive headfirst into expert tips and actionable advice for the year ahead. To view this email as a web page, click here BigCommerce Blog Newsletter Ecommerce changes fast — which is why we're