“TikTok has committed to invest over $1.5 billion in the enlarged entity over time, to provide future funding required by the business, without additional dilution to GoTo,” they said. The transaction will be concluded by the first quarter of 2024 and Tokopedia will receive a $1 billion promissory note from TikTok that can be used to fund working capital needs, the companies said. TikTok, owned by China’s ByteDance, has 124 million users in the Southeast Asian country and has been looking to translate that large user base into a major e-commerce revenue source. Many of Indonesia’s more than 270 million people are active social media users. Indonesia bans e-commerce transactions on social media in major blow to TikTok Indonesia has banned goods transactions on social media platforms such as TikTok, Facebook or Instagram in a new regulation, its trade minister said on September 27, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Indonesia's Minister of Trade Zulkifli Hasan speaks during a press Conference at the Ministry of Trade office in Jakarta on September 27, 2023. “The strategic partnership will commence with a pilot period carried out in close consultation with and supervision by the relevant regulators,” the two firms said in a Monday statement. Under the deal, TikTok will buy 75.01% of GoTo’s Tokopedia, Indonesia’s biggest e-commerce platform, for $840 million and inject TikTok Shop’s Indonesia business into the enlarged Tokopedia entity. “We need to see what kind of market disruption will happen after this partnership,” said analyst Maximilianus Nico Demus at Pilarmas Investindo Sekuritas. Shares in GoTo, whose business includes ride-hailing, delivery and financial services, tumbled 8.3% after the announcement, as some investors took profit from the stock’s recent rally on expectations of a deal with TikTok. The market was among few where the short video app operator launched TikTok Shop earlier this year to leverage a large user base and to challenge fast-growing online sellers such as Shein and PDD Holdings’ ( PDD) Temu, whose viral marketing on TikTok helped their rapid growth. Indonesia banned online shopping on social media platforms in October to protect smaller merchants and users’ data, forcing TikTok to close its e-commerce service TikTok Shop. Choose how you'd like to share the hashtag.Jakarta - China’s TikTok will invest $1.5 billion to become controlling shareholder of an e-commerce unit of Indonesia’s GoTo Gojek Tokopedia, as it seeks to restart its online shopping business suspended by regulators in Southeast Asia’s largest economy. In the TikTok app, go to the hashtag by tapping the hashtag in the description of a video or enter what you're looking for in the search bar at the top.ģ. Choose how you'd like to share the sound.ġ. In the TikTok app, go to the sound by tapping the Sound button at the bottom of a video or enter what you're looking for in the search bar at the top.ģ. Choose how you want to share the profile.ġ. Tap the profile picture or tap the More actions button at the top.ģ. In the TikTok app, go to the creator's profile.Ģ. Choose how you'd like to share your profile.ġ. Tap the QR code button beside your username or tap the Menu button at the top, then tap My QR code.ģ. Choose how you'd like to share your profileĢ. In the TikTok app, tap Profile at the bottom.ģ. Only videos that allow video downloadswill display this option.ġ. Only videos with the video downloadspermission turned on will display this option. When you send a video to a friend on another platform, we'll also send that video to them on TikTok, provided they click the shared link and allow direct messages from others.ģ. Follow the instructions for the platform you select. Choose how you'd like to share the video.Ĥ. You can share trending sounds, creators, or videos with friends, family, and your larger community within TikTok or through other social media platforms.ģ.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |