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TikTok to invest $1.5B in Indonesia's GoTo | Inquirer Business

TikTok to invest $1.5B in Indonesia's GoTo | Inquirer Business
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TikTok to pump $1.5bn into GoTo unit to restart Indonesian e-commerce

The country banned online shopping on social media platforms in October to protect small merchants and users’ data ....

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TikTok is investing $1.5 billion to get back into online shopping in Indonesia

Jakarta China’s TikTok will invest $1.5 billion to become controlling shareholder of an e-commerce unit of Indonesia’s GoTo Gojek Tokopedia, as it seeks to restart its online shopping business suspended by regulators in Southeast Asia’s largest economy. ....

Jawa Tengah , Jakarta Raya , Maximilianus Nico Demus , Gojek Tokopedia , Temasek Holdings , Bain Co , Goto Gojek Tokopedia , Southeast Asia , Pilarmas Investindo , Southeast Asian , Singapore Headquartered Sea ,

TikTok restarts e-commerce in Indonesia with US$1.5 billion investment in GoTo Gojek Tokopedia unit

TikTok will buy 75 per cent of Indonesia’s biggest e-commerce platform after a new rule in October effectively forced the social media giant to close its own online shopping service in the country. ....

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Tokopedia deal: TikTok is investing $1.5 billion in GoTo to get back into online shopping in Indonesia

Jakarta China’s TikTok will invest $1.5 billion to become controlling shareholder of an e-commerce unit of Indonesia’s GoTo Gojek Tokopedia, as it seeks to restart its online shopping business suspended by regulators in Southeast Asia’s largest economy. ....

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