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The Latest Breaking News from Tokopedia

GoTo readies itself for an Indonesia-focused Fintech future

GoTo's recent actions, such as announcing its fintech results ahead of on-demand services, show its priorities are changing.

Fortune

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

In September, Jakarta banned social media platforms like TikTok and Facebook from offering e-commerce services on their social media platforms.

Fortune

TikTok Announces $1.5 Bn Deal To Restart Indonesia Online Shop

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.

International Business Times

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

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.

International Business Times

Indonesia’s TikTok Shop ban reveals mixed feelings on e-commerce revolution

Brick-and-mortar merchants welcome ban on platform, while online sellers say it is misguided.

Al Jazeera

Alibaba Names Proven Leader As New Lazada Chief

Alibaba Group Holding Limited (NYSE:BABA) replaced Lazada Group CEO Chun Li with the head of its Thailand business, signifying brewing competition in Southeast Asia, Bloomberg reports. Lazada's new leader James Dong was also a one-time business assistant to Alibaba CEO Daniel Zhang before joining Lazada as its CEO for Thailand in 2018. In…

Benzinga

For Indonesia’s tech star GoTo, success a long time in the making

Analysts say odds-defying market debut reflects regulatory changes, strong branding and careful courting of investors.

Al Jazeera

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Indonesia Tech Giant GoTo Soars on Market Debut

Indonesia's biggest tech firm soared in early Jakarta trade Monday following an initial public offering that closed last week. GoTo, the largest digital ecosystem in the archipelago nation of 270 million people, was formed by the merger of ride-hailing company Gojek and e-commerce platform Tokopedia in May 2021. Its shares…

Asharq Al-Awsat

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