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TikTok seeks up to $20 billion in e-commerce business this year - Bloomberg News

2023-06-08 09:48
ByteDance Ltd's TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much
TikTok seeks up to $20 billion in e-commerce business this year - Bloomberg News

ByteDance Ltd's TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter.

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Subhranshu Sahu)