The Art of Decision-Making: How Corporate Leaders Make Tough Calls
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
May 30, 2023: TikTok Shop is a danger to influential e-commerce players, which include Shopee and Lazada in Southeast Asia.
It comes as its parent ByteDance pushes the short video app in markets outside the U.S. and India to create alternative revenue streams.
TikTok Shop is the e-commerce marketplace of TikTok’s short video app, which Chinese tech giant ByteDance owns. The shopping app enables merchants, brands, and creators to showcase and sell their goods to users.
In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam, and Thailand.
“TikTok continues to increase in Southeast Asian countries. We estimate that TikTok’s 2023 [gross merchandise value] will reach 20%~ of Shopee, which we suggest prompted Shopee to increase sales and marketing since April defensively,” said Shawn Yang, an analyst at Blue Lotus Research Institute, in a recent report on Sea Group, the owner of Shopee.
TikTok Shop’s GMV, or the total value of goods sold, skyrocketed more than four times to $4.4 billion in Southeast Asia in 2022, according to internal data obtained by tech media outlet The Information. TikTok Shop reportedly aims for a GMV target of $12 billion by 2023.
To be clear, TikTok Shop’s current GMV is only a fraction of Shopee and Lazada’s.
Shopee netted $73.5 billion in GMV in 2022, while Lazada’s GMV was $21 billion for the year through September 2021, according to available public figures.
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba, has boldly claimed that its new AI-powered translation …
Bank of America Corporation, a leading financial institution, has reported results that surpassed market expectations, driven primarily ….
The closure of numerous Rite Aid, Walgreens, and CVS drug stores across the United States is giving rise to a troubling phenomenon …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you