The Business Times

Tokopedia

Startups & Tech

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

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

From marketplace to mess: Tokopedia unravels after merger

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.
ASEAN Business

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

ByteDance Inc., the parent company of TikTok, is preparing significant job cuts and a substantial reduction in operations at Tokopedia.
ASEAN Business

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

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.
ASEAN Business

ByteDance to cut 450 jobs in Indonesia after Tokopedia deal

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.
Tech in AsiaStartups

Tokopedia, TikTok Shop complete backend integration

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.
Startups

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

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

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

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

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

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

Losses loom as Shopee, Lazada brace for bruising 2024 in South-east Asia

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