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December 11, 2023 at 2:51 AM. By Ananda Teresia. JAKARTA (Reuters) -China's TikTok has agreed to spend $840 million to buy most of Indonesian tech conglomerate GoTo's e-commerce unit - a move that ...
Indonesia, Southeast Asia's largest economy, is home to some 125 million TikTok users, making it the platform's second largest market after the U.S. ByteDance bet big on the country, choosing it ...
TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [2] Daily sales averaged approximately US$ 7 million in October 2023.
TikTok has completed its deal to take control of Indonesia's biggest e-commerce platform, which has allowed the Chinese social media giant to restart for its online shopping business in the country.
GoTo (25%) TikTok (75%) Website. tokopedia .com. PT Tokopedia is an Indonesian e-commerce company. [ 2] Tokopedia is a subsidiary of a new holding company called GoTo, following a merger with Gojek on 17 May 2021. [ 3][ 4] It is one of the most visited e-commerce platforms in Indonesia. [ 5] Tokopedia is one of Indonesia's unicorn companies ...
TikTok, whose mainland Chinese counterpart is Douyin, [ a][ 3] is a short-form video hosting service owned by Chinese internet company ByteDance. It hosts user-submitted videos, which can range in duration from three seconds to 60 minutes. [ 4] It can be accessed with a smartphone app .
In October, TikTok Shop shut down in Indonesia to comply with new rules in South East Asia's biggest economy.
Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s ...