The e-commerce leader is raking in profits like there's no tomorrow.
Livestream shopping where buyers and sellers transact in real-time video is growing in the United States while technology to police counterfeit goods has so far not kept up, a situation that makes it easier for fake goods to flood the market, patent lawyers said. Livestream shopping has been popularized by e-commerce sites like Alibaba.com and TikTok's sister company Douyin after dominating the retail scene in China. In the U.S., TikTok merchants hawk jewelry, pre-owned Louis Vuitton handbags and $2 lip glosses during hours-long video sessions.
It's good practice for investors to think beyond the Mag Seven, say the CEOs of Apollo and Avenue Capital Group.