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Fortune
Fortune
Lionel Lim

TikTok is spending $1.5 billion on a joint venture to solve the problem of Indonesia's surprise social media shopping ban

TikTok Indonesia Tokopedia GoTo Facebook e-commerce ByteDance Jakarta TikTok Shop United States
(Credit: Aditya Aji—AFP via Getty Images)

Just two months ago, ByteDance-owned TikTok abruptly closed its shopping platform in Indonesia to comply with surprise regulations from the Southeast Asian country's government. Jakarta ordered social media companies like TikTok and Facebook to stop selling goods on their platforms, demanding a separation of social media and e-commerce services.

TikTok now seems to have found a way to revive its e-commerce dreams in Indonesia by spending billions to start a joint venture with Indonesian tech giant GoTo. On Monday, the two companies announced that TikTok Shop will now be available on GoTo's Tokopedia platform.

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