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TikTok seeks up to $20 billion in e-commerce business this year – Bloomberg News

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(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.

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Subhranshu Sahu)

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