The app has not faced major bans on government devices in Southeast Asia, but it has been under scrutiny over its content. TikTok has repeatedly denied that it has ever shared data with the Chinese government and has said the company would not do so if asked. TikTok's investment plan comes as the Chinese-owned company faces scrutiny from some governments and regulators because of concerns that Beijing could use the app to harvest user data or advance its interests.Ĭountries including Britain and New Zealand have banned the app on government phones, moves TikTok said it believed were based on 'fundamental misconceptions' and driven by wider geopolitics. TikTok facilitated $4.4 billion of transactions across Southeast Asia last year, up from $600 million in 2021, but it still trailed far behind Shopee's $48 billion of regional merchandise sales in 2022, Momentum Works said.
Personal Loans for 670 Credit Score or LowerĮ-commerce transactions across the region reached nearly $100 billion last year, with Indonesia accounting for $52 billion, according to data from consultancy Momentum Works. Personal Loans for 580 Credit Score or Lower
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