TikTok
TikTok Pours $1.5 Bn Into Indonesian Ecommerce Platform
Companies E-commerce & Marketplaces News

TikTok Pours $1.5 Bn Into Indonesian Ecommerce Platform

Multimedia short video streaming platform TikTok’s parent company ByteDance has agreed to invest USD 1.5 billion in a joint venture (JV) with Indonesia’s GoTo Group. With this deal, the Chinese company can restart its shopping app in its biggest online-retail market. Under the joint venture, TikTok Shop business will be combined with GoTo’s e-commerce unit […]

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TikTok Pours $1.5 Bn Into Indonesian Ecommerce Platform
Brands Companies E-commerce & Marketplaces International News Retail

TikTok Plans Ban On External Ecommerce Links In US

ByteDance, the parent company of TikTok, the short video platform launched its online shopping service in 2021 named TikTok Shop in Indonesia. The ecommerce platform is currently available in the UK and the US markets. To boost its online retail platform in the US, ByteDance is planning to prohibit links to other ecommerce platforms such […]

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TikTok Pours $1.5 Bn Into Indonesian Ecommerce Platform
Companies International News

TikTok Sets Ambitious Ecommerce Goal of $20 Bn In Sales

TikTok, owned by ByteDance, intends to develop its global ecommerce operations to catch up with up to USD 20 billion in merchandise sales this year, according to a report by Bloomberg News. According to the report, the company is counting on growth in Southeast Asia, especially targeting markets like Indonesia. This goal represents significant growth […]

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