In collaboration with our BizSmart® Solution partners AppEngage and Selangor Information Technology & Digital Economy Corporation (Sidec), we’ve successfully organised an e-commerce seminar at Sidec’s office last week. The seminar, titled “Bisnes Anda Wajib Viral?” hosted over 60 business owners in Selangor who learnt more about growing their businesses. Other ecosystem players such as TikTok Shop, senangPay, and Hijrah Selangor also participated in the knowledge sharing session to help business owners build solid business expansion plans. We believe by collaborating with the right strategic partners, we could bring in extra value to MSMEs in Malaysia. #AllianceDigitalSME #AllianceBankMY #AppEngage
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TIKTOK HALTS E-COMMERCE SERVICE IN INDONESIA FOLLOWING BAN Read here: https://lnkd.in/gh-gbwAK #TikTok #ECommerceBan #Indonesia #TechNews #CNBC #ECommerceNews #SocialMediaUpdate #TechBusiness #OnlineMarketplace #DigitalBan #PerfectTimingTechnologies #PerfectTimingHolding
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Indonesia has a sizable and rapidly expanding digital market fueled by a large population, expanding e-commerce sector, and widespread mobile usage, presents lucrative opportunities for Nigerian businesses. With government support and cultural synergies, investing in Indonesia can yield significant benefits. Thorough market research and local expertise are essential for navigating this thriving digital landscape successfully.
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//Others disagreed. An Internet analyst said Shopee focuses on lower-priced products, which aligns more with TikTok’s strategy and thus could be more affected by the new rival. In the future, Shopee, Lazada and TikTok might divide the market based on consumer segmentation. Singapore, Thailand and Malaysia, with higher GDP per capita, could be more dominated by Lazada, while Shopee would compete with TikTok in emerging markets like Indonesia, the Philippines and Vietnam, the analyst said. A source close to Lazada said that TikTok’s entry into the market would create some pressure, but it wouldn’t significantly impact Lazada’s high-end, high-quality goods. In the competitive Indonesian e-commerce market, the situation is more intricate. According to Momentum Works, Indonesia’s e-commerce GMV reached US$51.9 billion in 2022, accounting for 52 per cent of the entire South-east Asian market. In Indonesia, Shopee had 36 per cent, Tokopedia 35 per cent and Lazada 10 per cent, while TikTok ranked fifth with 5 per cent.//
