TikTok CEO says to invest billions of dollars in Southeast Asia

FILE PHOTO: TikTok Chief Executive Shou Zi Chew on Capitol Hill in Washington, U.S., March 23, 2023. REUTERS/Evelyn Hockstein/File Photo

JAKARTA (Reuters) - Short video app TikTok plans to invest billions of dollars in Southeast Asia over the next few years, its CEO Shou Zi Chew said on Thursday.

Chew said at an event held in Indonesia that TikTok's content is becoming more diversified, as it adds more users and expands into e-commerce.

He said 2 million small vendors are selling their wares on its platform.

(Reporting by Stanley Widanto; Editing by Christopher Cushing)