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TikTok said on Monday it agreed to spend $840 million to buy most of GoTo's e-commerce unit Tokopedia after Indonesia banned online shopping on social media platforms in September, citing the need ...
The deal will be concluded by the first quarter of 2024 and Tokopedia will receive a $1 billion promissory note from TikTok that can be used to fund working capital needs, the companies said.
In December, ByteDance, the owner of TikTok, bought a 75% share of Tokopedia, GoTo's e-commerce platform. ByteDance also said it would invest over $1.5 billion into the new joint venture.
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 ...
GoTo (Indonesian company) PT GoTo Gojek Tokopedia Tbk, [6] trading as GoTo, is an Indonesian technology company. The company was formed in 2021 in a merger β the largest in the country at that time between Indonesia's two most valuable startups, ride-hailing giant Gojek and e-commerce firm Tokopedia.
Ltd. Lazada Group ( Chinese: δΎθ΄ι; t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019. [3] [4] [5] [needs update] Backed by Rocket Internet, Maximilian Bittner ...
TikTok is requiring that U.S. entities registered by sellers be 51% U.S. owned and chaired by an U.S. passport holder, said the vendors and Winnie Wang, executive chairman of the Shenzhen Cross ...
Before Khaby Lame became the most-followed TikTok user on 22 June 2022, Charli D'Amelio was the most-followed TikTok user. D'Amelio became the most-followed TikTok user on 25 March 2020 at 41.4 million followers, surpassing the previous record-holder, Loren Gray. [40] Later that same year, D'Amelio became the first TikTok user to reach 100 ...
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