
YouBiz and Tiktok launch ad spending cashback for businesses
TikTok advertisers can receive up to US$100 in ad credits.
YouBiz, a corporate card and spend management platform, has partnered with TikTok for Business to provide advertising and financial operation support to Singaporean e-commerce businesses.
The partnership will launch an exclusive cashback scheme, where new TikTok advertisers can receive up to US$100 in ad credits.
Businesses will also get a 3% upsized cashback on TikTok ad spending with YouBiz.
They are also offered an unlimited 1% cashback on all spending.
Singapore’s e-commerce sector is expected to reach a gross merchandise value (GMV) of US$9b in 2024, according to a report by Google, Temasek, and Bain & Company.
Video commerce now account for 20% of e-commerce GMV, from less than 5% in 2022.