People familiar with the matter revealed that Tiktok, a Chinese short video social platform for overseas markets, intends to expand its global e -commerce business by more than tripled this year, and strives to reach 20 billion US dollars (27 billion yuan (27 billion yuanNew Yuan).
Bloomberg News on Thursday (June 8) quoted anonymous insiders reported that this will be a rapid improvement compared to the total amount of commodity transactions of $ 4.4 billion last year.TIKTOK's hope of expanding the global business scale is entrusted in the Indonesian market, and local Internet celebrities sell jeans and lipstick products in live video.
People familiar with the matter said that Tiktok is also trying to expand the sales business in the United States and European markets, but these markets only account for a small part of its $ 20 billion goals.As the company's main source of income, the advertising business has slowed down during the economic decline, Tiktok tried to get a larger share in the e -commerce market of up to $ 17 trillion in scale.
Tikto spokesman refused to comment on the company's financial matters.
