Home > Article > Technology peripherals > It is reported that TikTok will jointly develop e-commerce business with Indonesian technology company GoTo
According to news from this site on December 5, in September this year, Indonesia announced that "e-commerce platforms cannot become social media" and banned social media platforms "like TikTok" from providing "direct sales transactions"
This means that Indonesian users cannot "bring goods live" through Tiktok, and TikTok Shop (TikTok store) has also been closed in the Indonesian market.
According to reports, in order to solve regulatory issues, TikTok is cooperating with local e-commerce companies. According to reports from Bloomberg and other media, TikTok has reached a cooperation agreement with Indonesian technology company GoTo to jointly develop e-commerce business. People familiar with the matter said that TikTok will invest in a subsidiary of GoTo Group and cooperate with it in e-commerce. Cooperation in commercial business. Currently, TikTok has generally agreed to cooperate with GoTo’s Tokopedia platform in several areas.
According to people familiar with the matter, the two parties plan to announce the specific details of the cooperation as early as next week, and asked to keep their identities confidential until the transaction is formalized
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