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