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International Business Times
International Business Times
Business
Marchio GORBIANO

TikTok Announces $1.5 Bn Deal To Restart Indonesia Online Shop

TikTok Indonesia GoTo Tokopedia e-commerce
Indonesia is one of the biggest e-commerce markets in the world for TikTok (Credit: AFP)

TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia.

Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants, forcing TikTok to close its online shopping business in October.

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