TikTok, GoTo to merge Indonesian e-commerce businesses; TikTok commits at least US$1.5 billion
Add BT as a preferred source
BYTEDANCE’S TikTok and tech giant GoTo are combining their e-commerce businesses in Indonesia – Tokopedia and TikTok Shop Indonesia – under an existing Tokopedia entity, putting pressure on other e-commerce platforms such as Singapore’s Sea.
Tokopedia is the online retail unit of GoTo, the merged entity between ride-hailing startup GoJek and e-commerce platform Tokopedia.
Shopping features within the TikTok app in Indonesia will be operated and maintained by the enlarged Tokopedia entity, said GoTo and TikTok on Monday (Dec 11).
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
As luxury retail goes big, can Singapore’s Orchard Road keep up?
