Commbank Launches TikTok style shopping app
- Commonwealth Bank (commbank) has launched a new online shopping app through its ventures business, x15ventures
- The app’s MD says Cheddar directly targets Gen Z shoppers by offering a platform similar to TikTok that better engages customers
- Cheddar is already available for Apple users, with an Android launch expected next year, while close to 600 retailers have signed on
- The app is the latest online shopping offering from Combank, which recently invested in gift card business Karta, online shop Little Birdie and BNPL business Klarna
- The platform is trading down 0.27 per cent at $107.72 per share
