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International Business Times
International Business Times
Business
AFP News

TikTok Announces $1.5 Bn Deal To Restart Indonesia Online Shopping Business

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

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

Under the deal, TikTok Shop will be merged into GoTo's Tokopedia, and TikTok will have a controlling stake in that entity.

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