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

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Elisa Valenta
Michelle Zhu

Elisa Valenta &

Michelle Zhu

Published Mon, Dec 11, 2023 · 11:05 AM
    • Shopping features within the TikTok app in Indonesia will be operated and maintained by the enlarged Tokopedia entity.
    • Shopping features within the TikTok app in Indonesia will be operated and maintained by the enlarged Tokopedia entity. PHOTO: BLOOMBERG

    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).

    TikTokGoTo GroupE-commerceIndonesiaM&ASea LtdSpotlight

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