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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...
JAKARTA (Reuters) -China's TikTok has agreed to spend $840 million to buy most of Indonesian tech conglomerate GoTo's e-commerce unit - a move that appears to allow it to restart its online ...
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.
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.
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temu .com. Launched. September 2022. Whaleco Technology Limited, [8] doing business as Temu, is an online marketplace operated by the Chinese e-commerce company PDD Holdings. [7] [9] It offers heavily discounted consumer goods [10] which are mostly shipped to consumers directly from China. [11] [12]
Indonesia has dealt a critical blow to TikTok's bold plan to turn millions of users into shoppers. On Wednesday, TikTok, which is owned by the Chinese technology firm ByteDance, suspended...
They combined it and prior acquisition Flipagram into TikTok on 2 August 2018, keeping the TikTok name. TikTok Music. Formerly known as Resso, TikTok Music launched in Indonesia and Brazil in July 2023. On October 19, 2023, TikTok Music premiered in Mexico, Singapore and Australia.
JAKARTA (Reuters) - Short video app TikTok is in the process of obtaining an e-commerce permit from Indonesia's government, state news agency Antara reported, citing the deputy trade minister.
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...