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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.
Indonesia, Southeast Asia's largest economy, is home to some 125 million TikTok users, making it the platform's second largest market after the U.S. ByteDance bet big on the country, choosing it ...
Under the deal, TikTok, which is owned by China's ByteDance, will buy 75.01% of Tokopedia and inject TikTok Shop's Indonesia business into the enlarged Tokopedia entity.
TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [2] Daily sales averaged approximately US$ 7 million in October 2023.
Website. gotocompany .com. PT GoTo Gojek Tokopedia Tbk, [ 6] trading as GoTo, is an Indonesian technology company. The company was formed in 2021 in a merger — the largest in the country at that time between Indonesia's two most valuable startups, ride-hailing giant Gojek and e-commerce firm Tokopedia. [ 5][ 7]
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The shopping features within the TikTok app in Indonesia will be operated and maintained by the enlarged entity,” TikTok said in a statement Monday. TikTok will invest over $1.5 billion into ...
Before Khaby Lame became the most-followed TikTok user on 22 June 2022, Charli D'Amelio was the most-followed TikTok user. D'Amelio became the most-followed TikTok user on 25 March 2020 at 41.4 million followers, surpassing the previous record-holder, Loren Gray. [ 40] Later that same year, D'Amelio became the first TikTok user to reach 100 ...
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