TikTok Shop poses a threat to e-commerce players such as Shopee and Lazada in Southeast Asia as it pushes aggressively into the region.
in March did not ease lawmakers' worries about the app's connections to China or the adequacy of Project Texas, its contingency plan to store U.S. data on American soil.
Woo noted that TikTok Shop is "still very young" and in the "burn-cash-to-grow phase which may not bode well in today's market given higher cost of funding." Overall, I think TikTok Shop has the potential to be as big as Shopee or Lazada, though this might take quite a number of years.It also has a smaller user base at this point in time with a younger demographic which means less spending ability, said Woo.
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