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Indonesia to Ban Goods Transactions on Social Media
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yellowmarker
Indonesia to Ban Goods Transactions on Social Media
Rabu, 13 September 2023 / 09:22 WIB
ILUSTRASI. Indonesia is planning to ban goods transactions on social media under new trade regulations. ANTARA FOTO/Muhammad Adimaja/YU
Sumber: Reuters | Editor: Herlina Kartika Dewi
KONTAN.CO.ID - JAKARTA.Indonesia is planning to ban goods transactions on social media under new trade regulations, the deputy trade minister told a parliamentary hearing on Tuesday.
Ministers have repeatedly said that e-commerce sellers using predatory pricing on social media platforms were threatening offline markets in Southeast Asia's biggest economy.
Current trade regulations do not specifically cover direct transactions on social media.
"Social media and social commerce cannot be combined," Jerry Sambuaga, deputy minister of trade, told the parliament, using the example of sellers using "live" features on the short video platform TikTok to sell goods. "Revisions to the trade regulations that are currently under way will firmly and explicitly ban this," Sambuaga said.
In response, TikTok said that separating social media and e-commerce into different platforms would hamper innovation and it hoped the government will provide a level playing field for the company.
"It would also disadvantage Indonesian merchants and consumers," TikTok Indonesia spokesperson Anggini Setiawan told Reuters on Wednesday.
TikTok, which has 2 million sellers in Indonesia, has previously said it had no plans to roll out a cross-border business in Indonesia after officials expressed concerns the firm's e-commerce push could flood the country with Chinese products.
Meta's Facebook, which also has a marketplace feature in its platform, also did not respond to Reuters' request for comment in an e-mail.
TikTok is owned by Chinese tech giant ByteDance. The company said that its app had 325 million Southeast Asian users that were active every month, of whom 125 million were in Indonesia. The company has said that there were 2 million small businesses on TikTok Shop in Indonesia.
Indonesia, with a population of more than 270 million, accounted for nearly $52 billion worth of e-commerce transactions last year, according to data from consultancy Momentum Works. Of that, 5% took place on TikTok, principally through live-streaming, it said.
Indonesia's e-commerce sector is expected to grow to $95 billion by 2025, according to a 2022 industry report by Alphabet's Google, Temasek Holdings and Bain & Company.
ILUSTRASI. Indonesia is planning to ban goods transactions on social media under new trade regulations. ANTARA FOTO/Muhammad Adimaja/YU
Sumber: Reuters | Editor: Herlina Kartika Dewi
KONTAN.CO.ID - JAKARTA.Indonesia is planning to ban goods transactions on social media under new trade regulations, the deputy trade minister told a parliamentary hearing on Tuesday.
Ministers have repeatedly said that e-commerce sellers using predatory pricing on social media platforms were threatening offline markets in Southeast Asia's biggest economy.
Current trade regulations do not specifically cover direct transactions on social media.
"Social media and social commerce cannot be combined," Jerry Sambuaga, deputy minister of trade, told the parliament, using the example of sellers using "live" features on the short video platform TikTok to sell goods. "Revisions to the trade regulations that are currently under way will firmly and explicitly ban this," Sambuaga said.
In response, TikTok said that separating social media and e-commerce into different platforms would hamper innovation and it hoped the government will provide a level playing field for the company.
"It would also disadvantage Indonesian merchants and consumers," TikTok Indonesia spokesperson Anggini Setiawan told Reuters on Wednesday.
TikTok, which has 2 million sellers in Indonesia, has previously said it had no plans to roll out a cross-border business in Indonesia after officials expressed concerns the firm's e-commerce push could flood the country with Chinese products.
Meta's Facebook, which also has a marketplace feature in its platform, also did not respond to Reuters' request for comment in an e-mail.
TikTok is owned by Chinese tech giant ByteDance. The company said that its app had 325 million Southeast Asian users that were active every month, of whom 125 million were in Indonesia. The company has said that there were 2 million small businesses on TikTok Shop in Indonesia.
Indonesia, with a population of more than 270 million, accounted for nearly $52 billion worth of e-commerce transactions last year, according to data from consultancy Momentum Works. Of that, 5% took place on TikTok, principally through live-streaming, it said.
Indonesia's e-commerce sector is expected to grow to $95 billion by 2025, according to a 2022 industry report by Alphabet's Google, Temasek Holdings and Bain & Company.
Quote:
TikTok Shop Officially Launches In The US
With integrations to Shopify, WooCommerce, BigCommerce, and other leading ecommerce platforms, is TikTok Shop the future of social commerce?
Social media giant TikTok is rolling out its retail ambitions in a big way with the full launch of TikTok Shop in the United States.
With inspiring hashtags like #TikTokMadeMeBuyIt, the company now aims to revolutionize online shopping culture.
TikTok Shop adds shoppable videos and LIVE streams directly into the “For You” feeds for its 150 million American users.
The new ecommerce feature, initially spotted in April, offers a variety of tools to enable brands to sell products directly within the TikTok ecosystem.
TikTok Shop Features For Businesses
TikTok Shop extends beyond in-feed videos and LIVE streams. Users can discover new products via the search bar inside the TikTok app, filtering results to Shop.
Businesses and brands get a dedicated “Shop Tab” to display products and promotions.
This incorporates a product showcase where users can read reviews and purchase directly from your brand’s profile.
TikTok Shop Officially Launches In The USScreenshot from TikTok, September 2023
In addition, sellers can take advantage of “Fulfilled by TikTok” – a new logistics solution where TikTok manages storage, picking, packing, and shipping.
The platform even includes an affiliate program, letting popular influencers and creators earn commissions by promoting TikTok Shop products.
TikTok Shop Officially Launches In The USScreenshot from TikTok, September 2023
How To Sign Up For TikTok Shop
In the TikTok app, visit your profile and, using the menu, navigate to Creator Tools. There, you will see the options to sign up for TikTok Shop as a seller or creator to earn brand commissions.
Creators must have at least 5,000 followers and be 18 years old to be eligible for the TikTok Shop Affiliate program.
TikTok Shop Officially Launches In The USScreenshot from TikTok, September 2023
TikTok Shop Integrates With Shopify, WooCommerce
TikTok Shop has integrated with well-known ecommerce platforms like Shopify, WooCommerce, BigCommerce, Magento, and Salesforce Commerce Cloud.
This should make it easier for existing ecommece sellers to start selling on TikTok without creating a new store from scratch.
In addition, TikTok has partnered with several multi-channel platforms like Channel Advisor and Feedonomics to support omni-channel businesses.
Sellers can utilize apps from Zendesk, Printful, Yotpo, EasyShip, and more to add more functionality and features to TikTok Shops.
The Future Of Social Commerce And Influencer Marketing
While the potential for TikTok Shop is vast, skepticism will always remain around data privacy.
The company has a tall order to ensure the user experience remains smooth while respecting privacy and security concerns, mainly due to past controversies surrounding user data.
TikTok is committed to user security and privacy, working with trusted third-party payment platforms for transactions.
Integrating ecommerce with TikTok could redefine how brands and creators engage with consumers, as each engagement could lead to a direct sale or affiliate commission.
Featured image: Poetra.RH/Shutterstock
Sumber
With integrations to Shopify, WooCommerce, BigCommerce, and other leading ecommerce platforms, is TikTok Shop the future of social commerce?
Quote:
Social media giant TikTok is rolling out its retail ambitions in a big way with the full launch of TikTok Shop in the United States.
With inspiring hashtags like #TikTokMadeMeBuyIt, the company now aims to revolutionize online shopping culture.
TikTok Shop adds shoppable videos and LIVE streams directly into the “For You” feeds for its 150 million American users.
The new ecommerce feature, initially spotted in April, offers a variety of tools to enable brands to sell products directly within the TikTok ecosystem.
TikTok Shop Features For Businesses
TikTok Shop extends beyond in-feed videos and LIVE streams. Users can discover new products via the search bar inside the TikTok app, filtering results to Shop.
Businesses and brands get a dedicated “Shop Tab” to display products and promotions.
This incorporates a product showcase where users can read reviews and purchase directly from your brand’s profile.
TikTok Shop Officially Launches In The USScreenshot from TikTok, September 2023
In addition, sellers can take advantage of “Fulfilled by TikTok” – a new logistics solution where TikTok manages storage, picking, packing, and shipping.
The platform even includes an affiliate program, letting popular influencers and creators earn commissions by promoting TikTok Shop products.
TikTok Shop Officially Launches In The USScreenshot from TikTok, September 2023
How To Sign Up For TikTok Shop
In the TikTok app, visit your profile and, using the menu, navigate to Creator Tools. There, you will see the options to sign up for TikTok Shop as a seller or creator to earn brand commissions.
Creators must have at least 5,000 followers and be 18 years old to be eligible for the TikTok Shop Affiliate program.
TikTok Shop Officially Launches In The USScreenshot from TikTok, September 2023
TikTok Shop Integrates With Shopify, WooCommerce
TikTok Shop has integrated with well-known ecommerce platforms like Shopify, WooCommerce, BigCommerce, Magento, and Salesforce Commerce Cloud.
This should make it easier for existing ecommece sellers to start selling on TikTok without creating a new store from scratch.
In addition, TikTok has partnered with several multi-channel platforms like Channel Advisor and Feedonomics to support omni-channel businesses.
Sellers can utilize apps from Zendesk, Printful, Yotpo, EasyShip, and more to add more functionality and features to TikTok Shops.
The Future Of Social Commerce And Influencer Marketing
While the potential for TikTok Shop is vast, skepticism will always remain around data privacy.
The company has a tall order to ensure the user experience remains smooth while respecting privacy and security concerns, mainly due to past controversies surrounding user data.
TikTok is committed to user security and privacy, working with trusted third-party payment platforms for transactions.
Integrating ecommerce with TikTok could redefine how brands and creators engage with consumers, as each engagement could lead to a direct sale or affiliate commission.
Featured image: Poetra.RH/Shutterstock
Sumber
TikTok and Kaskus actually have something in common when it comes to repeating syllables to form a name.
If TikTok is a visual media platform that display videos or images with text as a complement, then Kaskus may be journalism media platform that presents text with videos or images as supplements.
If TikTok dare to position themself as a visual hub, why doesn't Kaskus dare to stand as writing or script hub?
Only fool and insecure people look at neighbor' garden and fail to realize own potential.
The only way to compete is to tap into the niche market of journalism or written content that is often overlooked.
Furthermore, watching product videos consumes more internet data than reading product reviews.
Stop watching porn and wake up you old coots !
Diubah oleh yellowmarker 13-09-2023 06:39
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