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TikTok Shop was launched in Indonesia in mid-April, at the beginning of Ramadan, with heavy celebrity endorsement.

Tencent abandoned plans to acquire iQiyi due to tightened anti-monopoly regulations.

The company’s subsidiaries may seek their own listings in New York, Hong Kong, and Shanghai.

TikTok is currently hiring for various roles related to e-commerce in Indonesia and Singapore.

Last year, Meesho entered the Indonesian market, where social commerce is much more mature than India.

Startups that have built products for Bharat users—a term used for lower tier cities of India—have started monetizing their content.

Chingari plans to use the funds to enhance its content portfolio, hire talent, and increase its user base.

ByteDance in a court filing has argued that the decision to block these accounts is an abuse of the law.