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TikTok seeks up to $20 billion in e-commerce business this year – Bloomberg News
© Reuters. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic
(Reuters) – ByteDance Ltd’s TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter.
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