TikTok had been forced to close its relatively new e-commerce service, TikTok Shop, in Indonesia after the country banned online shopping on social media platforms in September, citing the need to protect smaller merchants and users' data.
It also said it will invest further in the business, Tokopedia, which is Indonesia's biggest e-commerce platform, for a total outlay of US$1.5 billion. JAKARTA: China's TikTok has agreed to spend US$840 million to buy most of Indonesian tech conglomerate GoTo's e-commerce unit - a move that appears to allow it to restart its online shopping business in Southeast Asia's largest economy.
