TikTok targets $20 billion in ecommerce sales

TikTok is reportedly planning to quadruple its global ecommerce operations, with the goal of selling $20 billion in merchandise. The ByteDance-owned social media app will rely heavily on rapid growth in Southeast Asia to reach its optimistic target. TikTok also hopes to also boost sales in the U.S. and Europe, Bloomberg reported. TikTok Shop shows ads to users on its main social media app while they scroll through a never-ending feed of short video clips and livestreams. However, the social media did release a statement about its future in the U.S.: