TikTok

Tech firms WeChat and ByteDance (TikTok) have successfully obtained their licenses to operate in Malaysia, the Malaysian Communications and Multimedia Commission (MCMC) said Wednesday.

A source close to the Malaysian branch of the company told The Malaysian Reserve (TMR) that more than 500 employees were terminated.

With YouTube Shopping, Alphabet Inc and Shopee will be competing against TikTok, the Bytedance-owned video app, which has increased its ambitions for the region after taking control of Indonesia's biggest e-commerce platform Tokopedia.

According to Bloomberg, proceeds of the deal will be partly used to refinance an existing $5 billion dual-tranche facility the group had raised in 2021.

The plan also aims to turn Malaysia into a regional AI hub.

Global e-commerce platform TikTok Shop has launched TikTok Shop Mall in Singapore, a by-invite only channel exclusively for brands' flagship stores and authorized online retail outlets.

Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.

Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), told reporters that TikTok still had not complied with the regulation.

HubSpot and TikTok have on Thursday announced a partnership to make community-based customer acquisition easier than ever for business to business (B2B) brands, with a new integration designed to easily capture leads from TikTok directly in HubSpot’s customer relationship management (CRM).

As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.