Skip to main content

TikTok to Invest billions of dollars in Southeast Asia Says CEO

Short video app TikTok plans to invest billions of dollars in Southeast Asia over the next few years, its CEO Shou Zi Chew said on Thursday.

Chew said at an event held in Indonesia that TikTok's content is becoming more diversified as it adds more users and expands into e-commerce. TikTok is owned by China's ByteDance.

Southeast Asia is one of TikTok's biggest markets in terms of user numbers. But the platform has yet to translate the large user base into a major e-commerce revenue source as it faces fierce competition from bigger rivals of Sea's Shopee, Alibaba's Lazada and GoTo's Tokopedia.

TikTok's e-commerce platform lets consumers purchase goods through links on the app during livestreaming.

Chew said TikTok has 8,000 employees in Southeast Asia, and 2 million small vendors who are selling their wares on its platform, without elaborating further.

Meanwhile, TikTok is facing calls from US lawmakers and state officials to ban the app nationwide over concerns about potential Chinese government influence over the platform. Recently, a bipartisan group of six senators and two members of the House of Representatives introduced legislation to protect Americans' data from being used by US adversaries. The bill aims to address concerns about the data of Americans using foreign-owned social media apps like TikTok. Senate Finance Committee Chairman Ron Wyden, a Democrat, said the bill "would turn off the tap of data to unfriendly nations, stop TikTok from sending Americans' personal information to China, and allow nations with strong privacy protections to strengthen their relationships."

© Thomson Reuters 2023

Apple unveiled its first mixed reality headset, the Apple Vision Pro, at its annual developer conference, along with new Mac models and upcoming software updates. We discuss all the most important announcements made by the company at WWDC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


from Gadgets 360 https://ift.tt/L2uBj6D
Labels:

Comments

Post a Comment

Popular posts from this blog

Itel P55 With Dual Rear Cameras, 5,000mAh Battery Launched in India: Price, Specifications

Itel P55 5G was launched in India on Tuesday and it claims to be the cheapest 5G smartphone in the country. The phone is powered by an octa-core Dimensity chipset and supports wired fast charging. It carries an AI-powered dual rear camera unit and is offered in a single storage variant along with two colour options. Itel India also introduced the Itel S23+ alongside, and is a budget smartphone with a curved AMOLED display. The company is extending a two-year warranty on the handsets and is also offering free screen replacement within 100 days of purchase. Itel P55 5G price in India, availability Offered in Blue and Green colour options, the singular 8GB + 128GB variant of the Itel P55 5G is priced at Rs. 9,999. The phone will be available for purchase via Amazon India starting October 4. Itel P55 5G specifications, features Sporting a 6.6-inch HD+ (1600 x 700 pixels) display, the dual nano SIM-supported Itel P55 comes with a refresh rate of 90Hz. The phone is powered by an octa-co...
Post a Comment
Read more

Best Smartphones of 2022

When you think of the ‘best smartphones' of the year, it's easy to just picture expensive, flagship phones. However, like every year, we've had some real standout mid-range offerings as well in 2022 that might not go toe-to-toe with proper flagships, but offer enough performance and features at much more affordable prices. Folding phones continued to get better in 2022 thanks to Samsung pioneering this segment in India, while charging speeds reached new heights. However, the big focus for all the phones on our list is cameras. We've seen smartphones with incredible zoom perfjoamcne, high-resolution sensors, and next-level video stabilisation for content creators. Depending on your budget and requirements, there's something for everyone in our list. All these smartphones have been reviewed by us and we've chosen only the best of the best, based on the ratings they received and what we felt were unique enough offerings that still stand out, even today. Here's...
Post a Comment
Read more