News & Reviews:   TikTok

Consumers in Malaysia were the 6th biggest spenders on TikTok Shop last year, as the e-commerce platform recorded an impressive gross merchandise value (GMV) of USD2.724 billion or ~RM12.07 billion in the country. Moreover, it’s a significant increase from 2023 - a 104% year-on-year increase, to be exact - when TikTok Shop recorded a USD1.3 billion or ~RM5.77 billion in Malaysia.

Recently, President Donald Trump announced the establishment of a US sovereign wealth fund yesterday. According to Trump, it is time for America to have its own sovereign wealth fund like the Middle Eastern and Asian countries have done, with TikTok likely to be among the first purchases. So, what should you know about it?

Since President Donald Trump signed an executive order granting TikTok a 75-day stay on a ban, many companies and individuals have been aiming to purchase the platform. It's said that Elon Musk, Microsoft, and Oracle are all in the race to buy TikTok. Now, there's a new player in the race.

Donald Trump, the President of the United States, has now shared with reporters that Microsoft is in talks to take over TikTok's operations in the United States. However, no further information regarding this has been shared. So, what should you know about it?

The TikTok saga in the United States entered a new twist today as it was revealed that the Trump administration is reportedly working on a plan to save TikTok in the country after its ban. The move, negotiated by the White House, sees software company Oracle and a group of outside investors, including Microsoft, to take control of TikTok’s operation in the United States.

Donald Trump, the new President of the United States, is ready to give Bytedance a 75-day extension to sell its TikTok operations in the United States. In parallel, several parties have expressed their interest in buying the service, including MrBeast, one of the influencers and content publishers on YouTube.

Communications Minister Fahmi Fadzil today revealed that a total of 18,785 pieces of content have been requested by the Malaysian Communications and Multimedia Commission (MCMC) to be taken down so since 1 January 2025. These contents were on various social media platforms and violated the country's laws.

After Sunday, it didn't take long for President Donald Trump to reactivate TikTok operations in the US. Additionally, he also did a couple of executive orders, which included temporarily pausing the ban on TikTok.

Communications Minister Fahmi Fadzil recently revealed that Facebook, TikTok, WhatsApp and Telegram have been identified as the most preferred platforms for scammers to commit fraud in Malaysia. He added that losses from scams and fraud on these 4 platforms had easily reached hundreds of millions of ringgit.

Less than 24 hours after announcing that it was halting operations in the United States, TikTok is back in action early this morning. Previously, we mentioned how TikTok and other apps were banned. In an official announcement, TikTok thanked President Donald Trump, who will be sworn in today, for allowing the company to continue operations. So, what should you know about it?