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January 31, 2024 at 3:58 AM. JAKARTA (Reuters) - TikTok has completed its deal to take control of Indonesia's biggest e-commerce platform, which has allowed the Chinese social media giant to...
Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s ...
Indonesia banned goods transactions on social media platforms such as TikTok in a bid to protect small businesses from e-commerce competition, accusing them of predatory pricing.
On December 11, 2023, TikTok, operating under ByteDance, officially announced the acquisition of 75% of Tokopedia's shares. This investment is valued at 1.5 billion US dollars, or around 23.4 trillion Indonesian Rupiah.
TikTok, whose mainland Chinese counterpart is Douyin, is a short-form video hosting service owned by Chinese internet company ByteDance.It hosts user-submitted videos, which can range in duration from three seconds to 60 minutes.
Indonesian tech firm GoTo and Chinese-owned partner TikTok will be wholly compliant in a month and a half with the Southeast Asian nation's regulation that bans in-app transactions on social media ...
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [7] Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
TikTok has been holding talks with Indonesian e-commerce companies about possible partnerships, an Indonesian minister said on Monday, a month after Southeast Asia's largest economy banned...
History. Akulaku was officially founded in 2016 by William Li and Gordon Hu. [3] [4] Before it became Akulaku, the company began in 2014 by providing cross-border remittance services for domestic workers in Hong Kong as Silvrr before branching out to operate its online credit and e-commerce platform in Indonesia and the Philippines. [5] In 2016 ...
TikTok now seems to have found a way to revive its e-commerce dreams in Indonesia by spending billions to start a joint venture with Indonesian tech giant GoTo.