by Teuvo Tuomi | Mar 2, 2024 | Technology, Thailand, Visions
TikTok has become the most popular online shopping platform among Thais aged up to 29, according to a survey conducted by the Trade Policy and Strategy Office (TPSO). The survey was conducted among 4,699 respondents throughout the country. The platform is an online...
by Teuvo Tuomi | Dec 13, 2023 | Indonesia, Business, China, Technology
Chinese-owned short video app TikTok has announced a 1.5 billion US dollar investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement. Under the deal, TikTok Shop will be merged into GoTo’s...
by Teuvo Tuomi | Jun 16, 2023 | ASEAN, Lifestyle, Southeast Asia, Technology
Video-sharing app TikTok will invest “billions of dollars” in small and medium-sized enterprises (SMEs) in Southeast Asia over the next few years as it seeks to expand its functions beyond entertainment in its quest to become a relevant business tool in the region....
by Teuvo Tuomi | Mar 28, 2023 | China, Asia, Lifestyle, Technology
Chinese people are increasingly using TikTok’s sister app Douyin as a way to complain about products. Douyin, which is produced by TikTok’s owner ByteDance, has become influential in offering Chinese people a way of putting consumer pressure on companies....
by VF | Apr 19, 2022 | ASEAN, Asia, Business, Entertainment, Lifestyle
TikTok’s recommendation algorithm was selected as one of the top 100 global breakthrough technologies by MIT Technology Review in 2021. This shows why TikTok has gained fast adoption amongst users, says Manas Sabnis, head of brand strategy for Southeast Asia and...
