TikTok Shop provides a superb platform for local SMEs
SINCE its inception over a decade ago, the 11.11 sales period, also known as 'singles day' or 'double 11,' has been a time when consumers look for the best deals and value for their money.
TikTok Shop is set to give Malaysian Small Medium Enterprises (SMEs) a boost during this 11.11 sales period by providing greater support for local small businesses with a brand spotlight segment promoting several local brands including dessini, casevalker, farm fresh and barang dapur basah as well as its very own Pertarungan Livestream Mega 11.11
This event, which will be streamed LIVE on TikTok Shop, will be featuring 10 well-loved local creators tulippetals, khairulaming, dearcarynn, bossa_sce_oe, bossjerry88, crackbrader, aidunoo, peemondayz, almiyaz.my, and akak_e, taking to their livestream sessions and highlighting their 11.11 product promotions as part of one of the biggest e-commerce events of the year.
Shoppers can also look out for ‘no minimum spend’ vouchers available through livestreams between 8pm to 12 midnight on Nov 11 itself to enjoy further savings on their purchases.
Alongside the livestream sessions, as part of the event, we are also excited to present entertainment you won't want to miss, including live performances by talented artists such as daliafarhana, gastonpong, shilaamzahofficial, itzputridahliaa, and danialkifli__.
TikTok Shop’s numbers say it all.
Since TikTok Shop was launched in Malaysia last year, it has brought about a profound impact on the local SME community, currently hosting over 1 mil sellers on the platform.
Amongst these sellers, 98% comprise SMEs – with 60% hailing from major city-states, and the remaining 40% from non-major city-states.
This proves TikTok Shop's reach in providing business owners from all backgrounds and locations the opportunity to earn a living, no matter their background, location, and skillset.
These sellers market themselves through Shoppertainment, which brings together the best of content and commerce via LIVE sessions, video content, and shoppable ads, along with a whole host of other tools and programs to help them expand.
Sellers also have complete control over their control over their own branding, marketing, and pricing.
Since 2022, TikTok Shop has partnered with 50 local ministries, government-linked companies (GLCs), educational institutions, and state governments to provide and build support for its sellers.
This includes a joint investment with Malaysia Digital Economy Corporation (MDEC) worth RM31 mil for the DE Dagang initiative, which benefitted 22,000 sellers in the form of product discounts, shipping vouchers, and transaction fee subsidies.
This was further amplified through the TikTok Shop Summit, held in 2023 to celebrate the platform's one-year anniversary in the Malaysian market, with TikTok Shop celebrating, educating, and awarding sellers for their contribution to the nation's economy.
SMEs can learn more about how to thrive and expand on our platform through the TikTok Shop Academy and explore partnerships with creators through our Creator Marketplace.
