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TikTok acquires 75% of Gojek parent s e-commerce unit

TikTok, the popular short-video-sharing platform owned by ByteDance, has agreed to invest USD 1.5 billion for 75.01% of the controlling stake in Tokopedia, the e-commerce unit owned by the Indonesian tech conglomerate GoTo Group. GoTo will retain the other 24.99% stake.

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