Malaysia studying regulations for TikTok shop, says minister
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Malaysia's Communications and Digital Minister Fahmi Fadzil will meet representatives from TikTok on Nov 9.
PHOTO: REUTERS
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KUALA LUMPUR - Malaysia said it is studying the possibility of regulating TikTok and its e-commerce features, a move that could further dent the social media company’s online shopping ambitions in South-east Asia.
Malaysia is looking into registering online social media platforms and implementing a global minimum tax, Communications and Digital Minister Fahmi Fadzil told reporters in Kuala Lumpur.
He said he will meet with representatives from TikTok on Thursday.
“It’s a continuation of the discussions we have been having,” Mr Fahmi said of the coming meeting. “There are some regulatory aspects we are looking into. On top of that, we are looking to see how TikTok Shop is working.”
The move highlights South-east Asia’s growing push-back against ByteDance Ltd’s TikTok amid the company’s plans to invest billions of dollars in the region.
TikTok suspended its online-retail operation
TikTok is the only social media company that sells goods directly on its app.
Malaysia’s Mr Fahmi in the past raised concerns over TikTok, accusing it of spreading fake news and censoring content on the Israel-Hamas conflict.
TikTok said it is taking proactive measures to address the issues Mr Fahmi raised. BLOOMBERG
