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The Singapore-based streetwear marketplace recently announced that it had onboarded American rapper Snoop Dogg as a strategic advisor.
The ban would “hamper innovation” and negatively affect merchants and shoppers, said Anggini Setiawan, head of communications at ByteDance Indonesia.
By one estimate, TikTok Shop will capture 13.2% of the regional ecommerce market this year.
TikTok has reportedly been testing its shop feature in the US since November 2022.
Live commerce enablers are emulating China’s “livestreaming factories” as they try to capitalize the boom of TikTok Shop.
Cool Japan Fund is a public-private fund backed by the Japanese government to promote Japanese culture.
Previously known as Tjetak, the supply chain platform offers packaging solutions to over 7,000 retailers and 100 enterprise customers.
The Chinese ecommerce platform recently became available in the country with opening promotions of up to 90% off.
Eddie Wu, the incoming group CEO, will also oversee the cloud business.
The company insisted that its Shop marketplace features more than 200,000 verified US merchants offering legitimate products.
