Video-sharing app TikTok will be pumping “billions of dollars” in small and medium-sized enterprises (SMEs) in South-east Asia over the next few years as it seeks to expand its functions beyond entertainment and become a relevant tool for businesses in the region.

Industry Minister Suriya Juangroongruangkit said that he has ordered fragmented data records from various department stores to be centralised in the server of the Office of the Permanent Secretary for Industry.