Tokopedia

Indonesia antitrust agency gives 'conditional' go-ahead for TikTok's Tokopedia takeover

The agency will continue to monitor whether the requirements are being implemented until June 17, 2027

As ByteDance remakes Tokopedia in TikTok Shop’s image, merchants and employees worry it will be a hollowed-out version of its former self.

From marketplace to mess: Tokopedia unravels after merger

Free delivery promos can further complicate matters

Indonesia antitrust agency listed several requirements for TikTok and Tokopedia, including ensuring open methods for payment and logistics and prohibition of self-preferencing and predatory pricing practices.

Indonesia antitrust agency finds risk of monopoly from TikTok’s Tokopedia takeover

The agency says it found rising market concentration and warned of possible post-acquisition price hikes due to increased dominance

The layoffs, potentially involving more than 1,000 jobs, are expected within days to a week.

Axe may fall on over 1,000 jobs at Indonesia’s Tokopedia after merger with TikTok Shop

[JAKARTA] ByteDance is gearing up for major job cuts and a significant operational scale-back at its Indonesian e-commerce platform Tokopedia, following this year’s mega merger with TikTok Shop, sourc...

The cuts signal that the Chinese social media giant is conducting an overhaul of its Indonesian e-commerce operation, seeking to eliminate costs after combining TikTok Shop with GoTo Group’s Tokopedia in a US$1.5 billion deal.

ByteDance to cut 450 jobs in Indonesia after Tokopedia deal

BYTEDANCE is slashing about 450 jobs at its Indonesian e-commerce arm in the first round of cuts since combining its TikTok Shop with local rival Tokopedia in January.

Aside from the payment integration between TikTok and Tokopedia, branding across the new entity’s platform has been made consistent to the Shop | Tokopedia brand.

Tokopedia, TikTok Shop complete backend integration

TIKTOK Shop and Tokopedia have finished integrating their systems as per merger requirements, said Melissa Siska Juminto, president of e-commerce at GoTo Group. The integration, which resulted in the ...

At US$15.6 billion, TikTok Shop's estimated gross merchandise value for 2023 is more than twice as much as Tokopedia’s US$6.6 billion.

Drop in Tokopedia’s market share led to TikTok deal: GoTo chief

GoTo Group chief Patrick Walujo said Tokopedia‘s market share has been diminishing – especially among price-conscious consumers – as the group cut down on incentives to achieve profitability. That, al...

TikTok has completed a deal agreed in December to buy 75.01 per cent of Tokopedia for US$840 million.

TikTok completes deal for Indonesia’s top e-commerce platform Tokopedia

TIKTOK has completed its deal to take control of Indonesia’s biggest e-commerce platform, which has allowed the Chinese social media giant to restart for its online shopping business in the country.

Sea-Lion is part of a S$70 million artificial intelligence initiative in Singapore announced in December 2023.

Tokopedia, NCS among companies in pilot run of AI language model for South-east Asia

INDONESIAN e-commerce platform Tokopedia and Singapore IT player NCS are among the companies that are testing an artificial intelligence (AI) large language model (LLM) being developed in Singapore.

The takeover of Tokopedia by TikTok has renewed the e-commerce battle in Indonesia, widely seen as the crown jewel of the region.
OUTLOOK 2024

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