(Bloomberg) ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market.Most Read from BloombergBitcoin’s 2023 Rally Frays During Brief 7.5% Drop Toward $40,000Biden’s Support of Israel Alienates More Democrats in New PollPenn Leaders Out After Genocide Response, Alumni PressureBattery Startup ONE Demotes Founder and CEO Durin
Chinese short-video making platform TikTok on Monday committed to invest $1.5 billion in Indonesian firm GoTo s e-commerce unit Tokopedia to drive long-term growth for MSME sector and the country s digital economy as a whole.