Daily Tech Roundup: TikTok Faces Hurdles to Becoming No. 1 in E-Commerce in Vietnam, Huawei Launches Upgraded SUV

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

TikTok faces hurdles to becoming No. 1 in Vietnamese e-commerce, expert says

Regulatory risks could derail TikTok’s drive to become Vietnam’s No. 1 online marketplace, an industry expert said. The ByteDance Ltd.-owned short-video app launched TikTok Shop in the Southeast Asian country in April 2022 as part of its broader ambition to control 35% of the region’s e-commerce market. Since then, it has surpassed Alibaba Group Holding Ltd.-backed Lazada to become Vietnam’s second-largest online marketplace by gross merchandise volume — TikTok’s vendors sold about $1.3 billion worth of goods in the past six months, according to local media which cited data from local analytics firm Metric. Now, only Singapore-based Shopee stands between TikTok and the top spot.