532Recently, TikTok announced the official launch of its local services business test in overseas markets, with the first stop chosen in Southeast Asia, and has already successfully launched in places such as Thailand. This move marks an important step in TikTok's globalization process, while also bringing brand new experiences and opportunities to local merchants and consumers.
Business Model and Market Potential
TikTok's local services business, officially called TikTok Local Services (TTLS), aims to provide users with a convenient lifestyle service experience through its short video platform. Currently, this business is still in the internal testing stage, and only some users can see related group-buying packages, coupons, and other lifestyle service information in their feeds, mainly focusing on dining merchants. With its large young population base, high online payment penetration rate, unique food culture, and rich tourism resources, Southeast Asia has become the ideal place for TikTok to launch its local services business.
Early Launch in the Thai Market
In Thailand, TikTok's local services business has taken the lead in launching. Some Thai accounts have already started calling on merchants to join TTLS in their short videos, promising to bring new business opportunities to merchants. In order to seize this opportunity, many merchants have responded enthusiastically, actively cooperating with TikTok to jointly build a local lifestyle service ecosystem.
User Habits and Market Demand
Thai users have a very high interest in and reliance on online video content. According to data, the number of active social media users in Thailand is as high as 52.25 million, with an average daily internet usage time of 8 hours and 6 minutes, far exceeding the global average. Among them, TikTok has an extremely high penetration rate in the Thai market, becoming one of the most important channels for users to obtain information and entertainment.
Challenges and Opportunities Coexist
Although TikTok has many advantages in developing its local services business in Thailand and other Southeast Asian regions, it also faces quite a few challenges. Among them, the imperfection of supply chains and infrastructure is one of the main factors restricting business development. Due to the underdeveloped transportation and logistics systems in Southeast Asia, the expansion of chain enterprises will be limited by the supply chain. In addition, as the business develops further, TikTok will also need to face regulatory challenges to ensure business compliance and sustainability.
Looking to the Future
As TikTok gradually advances and improves its local services business in Thailand and other Southeast Asian regions, it is believed that this business will bring more convenience and surprises to local merchants and consumers. At the same time, TikTok will continue to explore and innovate business models and service content, providing global users with a richer and more colorful life experience.
Through these initiatives, TikTok can not only expand its influence in the Southeast Asian market, but also further promote the deep integration of the digital economy and the real economy, injecting new vitality into the global economy.
