TikTok, GoTo to merge Indonesian e-commerce businesses; TikTok commits at least US$1.5 billion

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).