https://www.scmp.com/rss/522174/feed TikTok Shop is a rapidly expanding e-commerce platform, integrated within the TikTok social media app, enabling direct product purchases via shoppable videos and live streams. Headquartered globally in Los Angeles and Singapore, it operates across numerous countries, including the UK, where it was the fastest-growing online retailer in 2024. Targeting primarily Gen Z and Millennials, it offers a wide array of physical products, from fashion to home goods. Its business model focuses on “discovery... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Bloomberg Bloomberg Sea founder Forrest Li told employees a trillion dollar market capitalisation – an increase of about 10 times – is possible as the Southeast Asia e-commerce leader joins tech companies globally betting on artificial intelligence for growth. In a memo to staff Monday, seen by Bloomberg News, Li compared the rapid growth of AI to the personal computer and smartphone revolutions that expanded consumer access to products and services once available only to the wealthy. But Li said it would not be... https://www.scmp.com/tech/big-tech/article/3329790/sea-ceo-forrest-li-sees-path-us1-trillion-market-cap-help-ai?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3329790/sea-ceo-forrest-li-sees-path-us1-trillion-market-cap-help-ai?utm_source=rss_feed Tue, 21 Oct 2025 08:40:36 +0000 Coco Feng Coco Feng Alibaba Group Holding is looking to ramp up its cross-border e-commerce strategy by getting merchants on its premium Tmall shopping site to sell to consumers in Southeast Asia through subsidiary Lazada. “This is the first time that Tmall has established a direct connection to Lazada’s platform to facilitate the seamless onboarding of sellers,” a representative from Singapore-based Lazada said on Tuesday, adding that this initiative started last month. Alibaba owns the Post. The cross-border... https://www.scmp.com/tech/big-tech/article/3325761/alibabas-tmall-merchants-enter-southeast-asia-through-subsidiary-lazadas-platform?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3325761/alibabas-tmall-merchants-enter-southeast-asia-through-subsidiary-lazadas-platform?utm_source=rss_feed Tue, 16 Sep 2025 13:30:10 +0000 Coco Feng Coco Feng A number of Chinese cross-border exporters expect the Trump administration’s erratic trade policy to continue testing their stamina and resilience, days after the tariff truce between Beijing and Washington was extended for another 90 days. Those concerns were raised on the sidelines at Friday’s opening of the semi-annual China Cross-Border E-Commerce Trade Fair in Guangzhou, capital of southern Guangdong province, which concludes on Sunday. With booths at the fair, major online retail platforms... https://www.scmp.com/tech/tech-trends/article/3322051/us-tariffs-remain-big-concern-chinese-sellers-shein-temu-tiktok-shop-and-amazon?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322051/us-tariffs-remain-big-concern-chinese-sellers-shein-temu-tiktok-shop-and-amazon?utm_source=rss_feed Sun, 17 Aug 2025 01:00:16 +0000 Xinmei Shen Xinmei Shen Chinese tech giant Xiaomi became the largest smartphone vendor in Southeast Asia for the first time in four years on the back of strong second quarter sales of its budget and premium handsets, bucking a downturn precipitated by US-China trade tensions, according to Canalys. Xiaomi’s smartphone shipments in the region jumped 8 per cent year on year to 4.7 million units in the second quarter, propelling it to the top spot for the first time since the same period in 2021, the research firm said in... https://www.scmp.com/tech/tech-trends/article/3321719/xiaomi-regains-top-spot-southeast-asias-smartphone-market-first-time-4-years?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3321719/xiaomi-regains-top-spot-southeast-asias-smartphone-market-first-time-4-years?utm_source=rss_feed Thu, 14 Aug 2025 12:00:09 +0000 Bloomberg Bloomberg In the battle royale of global e-commerce, the names are familiar and formidable: Amazon, TikTok Shop, Shein, Temu. But in Southeast Asia, home to 675 million people and a US$160 billion online shopping market, the reigning monarch is an app the colour of a traffic cone. It’s called Shopee. And it is thriving. Owned by Singapore-based Sea Ltd., Shopee has pulled off one of the more improbable corporate comebacks in recent memory, sending its stock soaring more than 300 per cent since the start... https://www.scmp.com/news/asia/southeast-asia/article/3321401/singapores-shopee-taps-local-delivery-heroes-drive-300-stock-surge?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3321401/singapores-shopee-taps-local-delivery-heroes-drive-300-stock-surge?utm_source=rss_feed Mon, 11 Aug 2025 02:56:25 +0000 Bloomberg Bloomberg TikTok is cutting more workers from its US e-commerce division, TikTok Shop, the third round of lay-offs for that team since April. “As the TikTok Shop business evolves, we regularly review our operations to ensure long-term success,” a representative for the video-sharing app said in a statement on Wednesday. “We’ve made the difficult decision to adjust parts of our team to better align with strategic priorities.” TikTok did not respond to the question of how many people are being cut. TikTok... https://www.scmp.com/tech/big-tech/article/3316727/tiktok-shop-cuts-more-us-jobs-trumps-ban-deadline-looms?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3316727/tiktok-shop-cuts-more-us-jobs-trumps-ban-deadline-looms?utm_source=rss_feed Thu, 03 Jul 2025 02:45:08 +0000