TikTok seeks up to $20 billion in e-commerce business this year - Bloomberg News

FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic

(Reuters) - ByteDance Ltd's TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter.

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Subhranshu Sahu)