CNBC
•87% Informative
TikTok Shop is the e-commerce marketplace Southeast Asia o app TikTok, which is owned Sea Group's tech giant ByteDance. Lazada shopping app enables merchants, brands and creators to sho TikTok and sel Sachin Mittal to users.
TikTok's GMV, or total value of goods DBS Bank kyrocke CNBC four times to $4.4 billion in Southeast Asia in 2022.
TikTok is spending an "incredible amount of money" on incentives to Jonathan Woo rs Phillip Securities Research athan Woo estimat TikTok Shop es to be between $600 million and $800 million a year.
Shopee and Lazada in Southeast Asia when it launched in Sing ByteDance August.
Shopee charges more than 5% on commission U.S. ansac India and service fees. TikTok Shop tText__NxlGi">Shopee TikTok ghLightText__NxlGi"> Chinese /span> GMV cla 2022 summary Lazada igh GMV htTex $21 billion our the year through September 2021 _highLightText__NxlGi">CNBC TikTok summaryFeed_highLig CNBC xt__Nx TikTok Shop han 5% the past one year TikTok ryFeed_highLightText__NxlGi">TikTok Shop Sell TikTok Shop span Southeast Asia ="summaryFeed_highLightText__Nxl May >Apptopia TikTok n class="s Southeast Asia hLightText 135 million Augus Indonesia second ummaryFeed_highLightTex TikTok Gi">SingaporeU.S. Statista ed Indonesia tTex Southeast Asia's Shop 52% yFeed_highLightText__NxlGi">2 around 113 million c TikTok summaryFeed_highLightText__NxlGi">GMV TikTok ed_high Sachin Mittal lGi">$10 b telecom & internet sector s="summaryFee DBS Bank ghtText CNBC lG Sea Group 8% between $600 million and $800 milli Garena an> Phillip Securities Research Free Fire xlGi India athan Woo TikTok< Malaysia Brazil t__NxlGi">TikTok European aryFe Latin American xt__NxlGi">daily Cube Asia Douyin TikTok Shop tText__NxlGi">Chinese Shopee (-51% umm Lazada (-45% Lig Offline (-38% ">Chi Indonesia Thailand ass="s Philippines highLightText Lazada i">Chinese TikTok Shop tText__NxlGi">apps Montana ss="summ TikTok d_highLightText__NxlGi">March
VR Score
88
Informative language
87
Neutral language
75
Article tone
formal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
Source diversity
5
Affiliate links
no affiliate links