From QVC to Whatnot: The evolution of live shopping in US retail

A young woman wearing a green suit is standing in front of a camera selling handbags.
Social media is poised to capture the booming livestream market. Source: Whatnot
Livestream shopping is a form of e-commerce where products are promoted and sold through live video broadcasts, typically on social media or e-commerce platforms. In countries like Taiwan and China, livestream shopping has been incredibly popular for the past decade via platforms like Taobao or Douyin (the Chinese equivalent to TikTok).  As reported by analytics firm Statista, livestreaming e-commerce generated nearly $682.5 billion  (5 trillion yuan) in sales in China in 2023, with projec

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