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Douyin E-commerce misses first-half GMV target amid growth slowdown

Low-price tactics could be leading to Douyin E-commerce’s faltering GMV growth.

3 mins read
  • With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money.

    Insights

    TikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge

    7 mins read

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