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For example, e-commerce sales on Douyin, the Chinese version of TikTok that is similarly owned by ByteDance, hit $272 billion in 2023, according to Insider Intelligence.
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WUHAN, CHINA - OCTOBER 12: A livestreamer sells handbags via live streaming on TikTok at a TikTok Livestreaming E-commerce Base on October 12, 2021 in Wuhan, Hubei Province of China.
TikTok has completed its deal to take control of Indonesia's biggest e-commerce platform, which has allowed the Chinese social media giant to restart for its online shopping business in the country.
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