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Lin Jiansheng

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betvictor scottish open qualifiers TikToks e-commerce gross merchandise value (GMV) hit billion in the first half of 2022, almost equal to last years total, Chinese media outlet LatePost reported on Wednesday. TikToks monthly average GMVs for e-commerce in Indonesia and the UK exceeded 0 million and million, respectively, in this period. LatePost attributed the rapid growth to a lower base amount and the companys expansion in Southeast Asia. People familiar with the matter told LatePost that TikTok had put more effort into recruiting merchants in Indonesia since the end of 2021. It has achieved 493% and 92% growth in orders and GMV during the Eid al-Fitr period in April in Indonesia, an important Islamic holiday. But TikTok is still far from catching up with other more established e-commerce giants in the region. For example, Singapores Shopee had a billion GMV in 2021. [LatePost, in Chinese]

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    betvictor scottish open qualifiers Dutch officials are planning to restrict China’s access to edge-cutting chip technologies and equipment as part of a deal with US officials, sources familiar with the matter have told Bloomberg. The curbs under discussion could be implemented as soon as next month, according to Bloomberg sources. The move could affect key Netherlands-based chipmaking equipment supplier ASML, whose products are critical for most advanced chips. US officials unveiled new chip export bans on China in October, leading ASML to instruct its employees to stop serving Chinese clients. According to ASML, 5% of its undelivered orders will be affected by the US’s new export controls. [Bloomberg]

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