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However, this approach has faced challenges gaining traction outside of Southeast Asia. Private label brands: A 鈥淭rendy Beat鈥� shopping section launched in the UK sold viral products under TikTok鈥檚 parent company, ByteDance. 鈥淚t hasn鈥檛 gotten as much attention, or drawn as much interest from consumers,鈥� our analyst Sky Canaves said.

With large loan loss reserves, the banks are better positioned to weather a storm, but 2023 could still bring rough seas. If the Fed pauses or reverses interest rate hikes, the net interest income holding most banks afloat will cause them to sink. As we wait for the Fed to make its next move, we鈥檙e eyeing Q4 2022 performance for UK banks.

The platform plans to quadruple the size of its global ecommerce business, counting on its popularity in Southeast Asia, Western Europe, and the US to help achieve this goal. Unfortunately, TikTok鈥檚 massive US usership isn鈥檛 translating into success for TikTok Shop. The platform is struggling to gain momentum as merchants remain reluctant to come on board.

Another platform to keep an eye on is TikTok, which is testing more in-app shopping features and is reportedly planning to build out fulfillment centers as owner ByteDance seeks to recreate the success it鈥檚 achieved with ecommerce in China and Southeast Asia. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

A handful of countries and subregions鈥攎ost notably Southeast Asia鈥攚ill buck the positive trend and decelerate, but a wide-angle view shows good news across the map.

This comeback will be led by improvements in big markets like Western Europe, North America, and China, but developing markets in Latin America, Southeast Asia, and India will also drive ecommerce growth worldwide. Use this chart:. Use newly stable trendlines to inform long-term decision-making. Understand ecommerce as a segment of overall retail. More like this:.

Time spent with all media formats in other major markets鈥攊ncluding Asia-Pacific (including India and Hong Kong), Southeast Asia (including the Philippines and Thailand), Western Europe (including Italy and Spain), and Latin America (including Argentina, Colombia, and Mexico)鈥攈ave either remained the same or declined YoY. 鈥淭here鈥檚 no need for panic,鈥� Mander said.

TikTok has a history of testing new features in Southeast Asia before rolling them out in the US. It鈥檚 unclear what technology TikTok is using to power Tako. Meta is designing AI chatbots for Messenger and WhatsApp. Last week, CEO Mark Zuckerberg previewed AI agents for Meta鈥檚 messaging services during an internal all-hands meeting.

However, Japan and the countries of Southeast Asia are at the opposite end of the rankings. Digital transformation is at very different stages across the region. The center of gravity for both total ad spending and digital ad spending remains North America, with Asia-Pacific taking second but falling further behind.

The reductions have landed worldwide in regions like Eastern Europe, sub-Saharan Africa, the Middle East, Southeast Asia, and Latin America, per The Wall Street Journal. In some countries, subscription costs were cut as much as 50%.

Bloomberg saying thousands of ships are taking massive detours to avoid Houthi militants attacks in the Red Sea. The Red Sea accounts for 12% of global trade.

The first article, Kroger's Apparent 蘑菇AV Face on Apple Pay Signals Sea Change. The article highlights that Kroger, which is the fifth-largest retailer in the US has until now held out enabling customers to check out using Apple Pay. So Dave, why is this a sea change? David Morris:. Well, I would actually reframe it as a capitulation more than a sea change. I mean, you've got Walmart and Kroger.

Related content: Check out our Southeast Asia Proximity Mobile Payments Forecast 2022 spotlight report to learn more about mobile payment penetration in Vietnam. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 daily recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.

With TikTok Shop, TikTok is attempting to replicate the success of live shopping and in-app commerce in China and parts of Southeast Asia. But so far, it seems few US merchants are buying what TikTok is trying to sell. What is TikTok Shop? TikTok Shop is a fully integrated commerce solution.

A Southeast Asian initiative added the Philippines last year, and six Middle Eastern nations are weighing a similar move, per BCG. Other markets are limiting the power of multinational networks through regulation. Giants won鈥檛 fade away completely, but networks may rethink their strategy in these markets.

"Obviously, we know that ads do trigger something in your brain, right, to signal, you got to have this now," our analyst Man-Chung Cheung said on a recent episode of the "Behind the Numbers: Around the World" podcast. But when it comes to banning advertising for certain products, the effects aren't always clear-cut.

TikTok employs 6,000 content moderators in Europe: The platform disclosed it has 150 million users in the region in a regulatory filing.

Latin America will be the world鈥檚 second-fastest-growing retail ecommerce market, behind Southeast Asia. Ecommerce sales in Latin America will reach $192.73 billion by the end of 2023, representing 13.7% of total retail sales. That鈥檚 a threefold increase from 2019. Digital will account for over half of total ad spending in five of the six countries we forecast.

With an expected 426.3 million mobile wallet users in Southeast Asia alone by 2026, Alipay can鈥檛 afford to miss out on the opportunity for such lucrative volume. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 three-times-weekly recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.

OTT digital video services are now popular everywhere, although fee-based sub OTT is not yet mainstream in every country. The outlook is positive for both free and paid OTT around the world, but growth will slow significantly.

Mercado Libre is an island in a sea of recent tech layoffs. While players like Amazon, Shopify, and H&M have all recently announced layoffs, Mercado Libre鈥檚 strong financial discipline over the past few years helped it stave off any potential job cuts.