TikTok Shop has been recently added to the list of high impact online marketplace platforms required to comply with the Digital Platform Services law, according to the Electronic Transactions Development Agency (ETDA).
Chaichana Mitrpant, ETDA executive director, said that the move follows previous ETDA announcement of names of 19 online marketplaces required to comply with Section 20 of the law.
Those 19 platforms are Shopee, Lazada, One2car.com, Grab, Kaidee.com, SIA E-Auction System, LINE Shopping, Alibaba, NocNoc and AliExpress.
The others are Thisshop, Rakmao, Taobao, SCGHome, ONESIAM Application, ReadyPlastic Auction, ROOTS Platform, Temu and eBay. The announcement of the names of these 19 firms came into effect as of July 10.
The announcement of TikTok Shop will take effect one day after the announcement is published in the Royal Gazette.
ETDA is also preparing to include LINE MAN (Mart) under the same list.
Section 20 of the law obliges these platforms to conduct a business risk assessment and risk management.
Mr Chaichana emphasized that ETDA ensures a fair and thorough review process, allowing platform operators to submit information or objections. Adequate time is given for data collection and verification.
Platforms listed in the announcement must fulfill additional obligations beyond general requirements, including verifying and registering merchants.
According to Creden.co data, TIKTOK Shop (Thailand) revenue in 2024 was 12 billion baht with loss of 3.6 billion baht.