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In 50 Words: TikTok aims for $20b in ecommerce sales, focuses on Asia
TikTok plans to expand its global ecommerce business to US$20 billion in sales this year, with a focus on Southeast Asia. The growth target follows US$4.4 billion in gross merchandise value for 2022. The company is also working on boosting sales in the US and Europe, despite potential security concerns.
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