Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen

Photo: myriammira on Freepik

Two years after it entered Southeast Asia, TikTok Shop still continues to burn heaps of cash to gain inroads in the region’s markets where the e-commerce competition is intense, with giants like Shopee, Lazada, and Indonesia’s homegrown Tokopedia to contend with.

Edited by: Pramod Mathew

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