Latest news with #TikTokShopSummit
The Star
2 hours ago
- Business
- The Star
TikTok Shop records over 100 million product searches daily in Malaysia
TikTok Shop Malaysia country head Zason Wu delivering his speech at TikTok Shop Summit. KUALA LUMPUR: Malaysia's trusted e-commerce platform, TikTok Shop, revealed that it recorded a strong trend of over 100 million general product searches daily by local online shoppers. The milestone was shared at its largest industry engagement event of the year, TikTok Shop Summit. TikTok Shop Malaysia's strategic partnerships director Nur Azre Abdul Aziz said, "As consumer confidence deepened, we have observed a growing trend of shoppers using TikTok Shop for both discovery and deliberate shopping. 'Our full-funnel e-commerce ecosystem is uniquely positioned to help creators and businesses of all sizes, especially local micro, small and medium enterprises (MSMEs) and homegrown brands, connect with a nationwide community through Shoppertainment at scale.' Nur Azre added: 'We remain committed to accelerating Malaysia's digital economic growth by fostering an inclusive ecosystem that empowers entrepreneurs with accessible solutions." At the TikTok Shop Summit, thousands of local businesses, creators and ecosystem partners came together to learn, collaborate and pioneer the future of e-commerce in Malaysia. Attendees gained first-hand insights on optimising growth through the latest solutions introduced by TikTok Shop, including the GMV Max automation tool, Affiliate Creatives for Ads (ACA) feature, Opportunity Center functions, New Arrival Discount promotions, Product Data Synchronisation tool, Affiliate Link feature and the Star Creator badge. The platform has also elevated the online shopping experience for its community by providing 30-Day Free Returns on TikTok Shop Mall, offering more flexible payment options via TikTok PayLater and piloting Next-Day Delivery for select locations in Klang Valley, Johor, and Penang. Since introducing TikTok PayLater in Malaysia, sellers have been able to provide more accessible products responsibly for approved customers, through personalised spending limits and robust affordability assessments. TikTok Shop's holistic efforts to strengthen its ecosystem to support shoppers, sellers,and creators have resulted in consistent upward momentum for the local e-commerce industry. This can be seen with the over 140% year-on-year (YoY) sales uplift during the recent 6.6 Sale in June, over 100% YoY sales uplift across the Ramadan and Raya festivities in March, as well as over 90% YoY sales uplift during the CNY Huat Sale in January, on TikTok Shop in Malaysia. Local businesses are encouraged to leverage the vast tools and resources offered by TikTok Shop, alongside the learnings from TikTok Shop Summit to create and capture shoppable moments, especially in the coming year-end mega sales season. Malaysian online shoppers can look forward to two times more platform discount vouchers from TikTok Shop this year-end, whereas brands on TikTok Shop Mall will also enjoy two times more platform support in the second half of 2025. Aspiring entrepreneurs, local MSMEs, and homegrown brands aiming to turbocharge their business growth can register at TikTok Shop Seller Center and explore the step-by-step tutorials at TikTok Shop Academy.
New Straits Times
6 days ago
- Business
- New Straits Times
Malaysia to attend Asean e-commerce conference on digital trade
SETIA ALAM: The Domestic Trade and Cost of Living Ministry will participate in an upcoming Asean e-commerce conference to discuss measures to safeguard the regional digital trade ecosystem. Deputy Minister Datuk Dr Fuziah Salleh said the conference is crucial to address cross-border trade issues, as both consumers and sellers in the digital marketplace often operate from different countries. "It's important for us to reach a mutual understanding on how to protect the e-commerce ecosystem, not only to safeguard consumers but also sellers. "In the absence of regulations or an act that covers the entire Asean region, self-regulation becomes essential. "These are some of the matters that will be discussed during the Asean e-commerce conference," she said. She added that millions of businesses are now involved in e-commerce, and platform owners must ensure integrity and proper use of their platforms. "Since e-commerce laws have yet to be tabled in Parliament, we advise platforms to practice self-regulation and uphold good practices to protect consumers," she said after the closing ceremony of the TikTok Shop Summit today.
New Straits Times
7 days ago
- Automotive
- New Straits Times
Ministry to monitor IC misuse after RON95 price adjustment
SETIA ALAM: The Domestic Trade and Cost of Living Ministry will issue reminders to petrol stations to prevent the misuse of Malaysian identity cards for the upcoming RON95 fuel price adjustment. Deputy Minister Datuk Dr Fuziah Salleh said the ministry will intensify monitoring efforts to prevent leakages and misuse by foreign-registered vehicles using Malaysian ICs. "Previously, petrol stations were prohibited from selling RON95 to vehicles with foreign registration plates. "If local ICs are used (after the fuel price adjustment), we will remind petrol station operators to stay vigilant, and we may need to monitor closely to ensure these ICs are not misused repeatedly," she said at the closing ceremony of the TikTok Shop Summit today. Yesterday, Prime Minister Datuk Seri Anwar Ibrahim announced several key initiatives as a gesture of appreciation from the government to the people. Among these initiatives are a one-off RM100 cash aid under the Sumbangan Asas Rahmah (Sara) programme, the postponement of toll rate hikes for 10 highways, and a lower subsidised RON95 petrol price at RM1.99 per litre. On June 16, Anwar said the government would proceed with the RON95 fuel subsidy rationalisation, as it is crucial for the country. Anwar, who is also the finance minister, said there was no issue of a RON95 price increase affecting the majority of Malaysians. On June 26, Finance Minister II Datuk Seri Amir Hamzah Azizan said the government would move ahead with its plan to implement targeted subsidies for RON95 petrol this year. However, the rollout would be done in phases to ensure the most effective and least disruptive mechanism is adopted.
Barnama
7 days ago
- Business
- Barnama
BNPL Service Providers Urged To Practise Self-regulation
SHAH ALAM, July 24 (Bernama) -- Online shopping platforms offering 'Buy Now Pay Later' (BNPL) services have been urged to self-regulate to ensure consumer rights remain protected. Deputy Minister of Domestic Trade and Cost of Living Datuk Dr Fuziah Salleh said the approach was needed pending the introduction of a more comprehensive law. 'My advice to platform owners is to ensure their platforms are used responsibly and with integrity, as the e-commerce law has yet to be tabled in Parliament. 'For now, let us self-regulate, protect consumers, and foster a positive culture,' she said after the Closing Ceremony of the TikTok Shop Summit and the 2025 Buy Malaysian Goods Campaign here today. Deputy Finance Minister Lim Hui Ying was previously reported to have said that BNPL transactions increased to 102.6 million in the first half of this year, compared with 83.8 million in the second half of 2024. According to Lim, the surge in BNPL transactions had exposed consumers, particularly low-income earners and those with low financial literacy, to the risk of unmanageable debts. Meanwhile, commenting on the one-off RM100 cash aid for citizens aged 18 and above, Fuziah said it can only be used at designated outlets under the Sumbangan Asas Rahmah (SARA) programme to prevent misuse. She said enforcement would be carried out continuously to prevent price hikes at the outlets involved. 'Aid recipients must use their identity card to make purchases at any of the 4,100 designated outlets nationwide and are only allowed to buy listed items to prevent misuse of the funds.
Daily Express
7 days ago
- Business
- Daily Express
TikTok Shop hits over 100 million daily product searches, drives strong e-commerce growth in Malaysia
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 By: Bernama Text Size: For illustrative purposes only. KUALA LUMPUR: TikTok Shop has recorded a strong trend of over 100 million general product searches daily by local online shoppers, a milestone shared at its largest industry engagement event of the year, the TikTok Shop Summit. TikTok Shop Malaysia's Director of Strategic Partnerships Nur Azre Abdul Aziz said as consumer confidence deepened, a growing trend of shoppers using TikTok Shop for both discovery and deliberate shopping has been observed. 'Our full-funnel e-commerce ecosystem is uniquely positioned to help creators and businesses of all sizes, especially local MSMEs (micro, small and medium enterprises) and homegrown brands, connect with a nationwide community through Shoppertainment at scale,' she said in a statement today. Nur Azre noted that TikTok Shop remains committed to accelerating Malaysia's digital economic growth by fostering an inclusive ecosystem that empowers entrepreneurs with accessible solutions. At the TikTok Shop Summit, thousands of local businesses, creators and ecosystem partners gathered to learn, collaborate and shape the future of e-commerce in Malaysia. Attendees received first-hand insights on optimising growth through new solutions introduced by TikTok Shop, including the GMV Max automation tool, Affiliate Creatives for Ads (ACA) feature, Opportunity Centre functions, New Arrival Discount promotions, Product Data Synchronisation tool, Affiliate Link feature and the Star Creator badge. The platform has also enhanced the online shopping experience with initiatives like 30-Day Free Returns on TikTok Shop Mall, offering more flexible payment options via TikTok PayLater, and piloting Next-Day Delivery for select locations in Klang Valley, Johor and Penang. Since launching TikTok PayLater in Malaysia, sellers can now offer more accessible products to approve customers through personalised spending limits and robust affordability assessments. TikTok Shop's holistic efforts to strengthen its ecosystem for shoppers, sellers and creators have driven consistent growth in the local e-commerce industry, reflected in over 140 per cent year-on-year (YoY) sales uplift during the 6.6 Sale in June, more than 100 per cent during the Ramadan and Raya festivities in March, as well as over 90 per cent YoY sales uplift during the CNY Huat Sale in January, on TikTok Shop in Malaysia. Local businesses are encouraged to leverage the vast tools and resources offered by TikTok Shop, alongside the learnings from TikTok Shop Summit, to create and capture shoppable moments, especially in the coming year-end mega sales season. Malaysian online shoppers can expect twice the number of platform discount vouchers from TikTok Shop by year-end, while brands on TikTok Shop Mall will also enjoy two times more platform support in the second half of 2025. Aspiring entrepreneurs, local MSMEs and homegrown brands looking to accelerate growth can register at TikTok Shop Seller Centre and explore the step-by-step tutorials through TikTok Shop Academy. TikTok Shop is a one-stop e-commerce platform that enables brands to grow and sell directly on TikTok through shoppable short videos, live shopping events, and the Shop Tab marketplace. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
