Embracing the new way of Transacting Online: Live Commerce

On October 4, 2023, TikTok Shop was banned by the Indonesian Government, leaving many in the digital merchant and creator economy devastated. However, amidst the challenges, there is still hope as the light continues to shine on live commerce. In this article, we will explore the impact of the TikTok Shop ban and the opportunities that lie ahead for other players in the live commerce space.

More than 6 million businesses have heavily relied on TikTok as their primary marketing and customer acquisition driver. Additionally, close to 7 million affiliate creators have found TikTok Shop to be a significant source of income. The ban on TikTok Shop has undoubtedly posed regulation challenges, but it does not mark the end of the live commerce trend.

Live commerce has revolutionized the online shopping experience by mirroring the discovery process of offline stores. It enhances customer engagement and enriches the overall interaction between customers and brands, fostering trust in the brand. This transformative approach has reshaped online consumer behaviors and brand operations.

Despite new regulation that disallows commerce transactions on social media platforms, we remain optimistic about the future of live commerce. It presents an incredible opportunity for businesses to connect with their target audience authentically and build lasting relationships. As consumers increasingly seek immersive experiences and crave meaningful connections with brands, live commerce provides the perfect platform to meet these evolving demands.

Subscribe to Venturra Unfolded and read the report now: