E-commerce competitions 🛒💈🛍️
Recently, we heard the news that TikTok reentered the Indonesian e-commerce market.
TikTok was forced to close its own TikTok Shop e-commerce business in Indonesia in September after the nation passed a law banning online shopping via social media platforms, but TikTok couldn't stay away. This morning the company announced it will buy 75% of GoTo's Tokopedia for $840 million, and then invest hundreds of millions of dollars more building out the e-commerce business -- growing its total investment to $1.5 billion.
By combining Tokopedia's strong local presence with TikTok's mass market reach and technological prowess, TikTok will create a new "Indonesian e-commerce champion.
Sea Limited, which does 35% of its gross merchandise sales in Indonesia, may face heightened competition. New competition from TikTok in Indonesia sparked a downgrade for Sea Limited stock on Monday, sending shares of the Singaporean e-commerce giant spiraling 5.33% lower.
The social media giant will combine its Indonesian TikTok Shop business with GoTo's e-commerce unit Tokopedia, the companies said Monday. TikTok gets a 75% stake in that combination, which will run the shopping features of TikTok's social media app in Indonesia.
SE
Sea limited might face some short term headwinds but the E-commerce market is so big and vast, therefore I am still generally bullish for the e-commerce companies including $Sea Ltd(SE)$
@TigerStars @CaptainTiger @MillionaireTiger @TigerEvents @TigerPicks @TigerObserver @Daily_Discussion @Tiger_comments @TigerClub
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
It’s not so popular in Europe and America as in Asian countries