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TikTok dives into South-east Asia with e-commerce push

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    • ByteDance is counting on its e-commerce foray to help commercialise TikTok and finally turn a profit in the face of pressures from tightening regulations and mounting geopolitical risks
    • ByteDance is counting on its e-commerce foray to help commercialise TikTok and finally turn a profit in the face of pressures from tightening regulations and mounting geopolitical risks PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Guan Cong &

    Han Wei

    Published Wed, Oct 12, 2022 · 11:07 AM

    BYTEDANCE’S TikTok is cranking up its e-commerce foray into South-east Asia as the Chinese tech giant pushes to commercialise the popular short video app to create a new revenue stream.

    During the first half, TikTok launched e-commerce businesses in Thailand, Vietnam, Malaysia, the Philippines and Singapore, expanding its presence to all major markets in the region. TikTok has been operating online shopping services in Indonesia, South-east Asia’s largest economy, since early 2021.

    Since August, TikTok kicked off several major shopping events in the region to attract shoppers to the TikTok Shop, its e-commerce marketplace. That included a week-long “8.8 Sale” campaign around Aug 8 in Singapore, a 12-day Sama sales promotion in Malaysia and its “9.9 Super Shopping Day” around Sep 9 in several countries.

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