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TikTok Shop Indonesia to reopen after $1.5bn deal – BBC News

December 11, 2023

Social media app TikTok has struck a joint venture deal with Indonesian tech giant GoTo to restart its online shopping business in the country. The firm, owned by China’s Bytedance, plans to invest over $1.5bn (£1.2bn) in the long-term in Indonesia’s biggest e-commerce platform Tokopedia. In October, TikTok Shop shut down in Indonesia to comply with new rules in South East Asia’s largest economy.

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