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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.
Under the deal, TikTok, which is owned by China's ByteDance, will buy 75.01% of Tokopedia and inject TikTok Shop's Indonesia business into the enlarged Tokopedia entity.
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.
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 ...
Recorded 23 March 2023. Website. tiktok.com. Shou Zi Chew ( Chinese: ćšćè”; born 1 January 1983) is a Singaporean business executive who has been serving as the chief executive officer (CEO) of TikTok, an online video platform owned by Chinese company ByteDance, since 2021. [1] [2] [3]
In October, TikTok Shop shut down in Indonesia to comply with new rules in South East Asia's biggest economy.
The shopping features within the TikTok app in Indonesia will be operated and maintained by the enlarged entity,â TikTok said in a statement Monday. TikTok will invest over $1.5 billion into ...