TikTok to take over Indonesia’s Tokopedia in bid to overcome …
WEBDec 11, 2023 · ByteDance-owned TikTok has agreed to invest $1.5bn in a unit of Indonesia’s GoTo in a deal designed to rescue its shopping business in the country two months after the introduction of...
Tokopedia deal: TikTok is investing $1.5 billion in GoTo to get …
WEBDec 11, 2023 · China’s TikTok will invest $1.5 billion to become controlling shareholder of an e-commerce unit of Indonesia’s GoTo Gojek Tokopedia, as it seeks to restart its online shopping business ...
TikTok to invest $1.5B in GoTo's Indonesia e-commerce business ...
WEBDec 11, 2023 · TikTok is putting up $1.5 billion in a new joint venture that will bring Tokopedia, the e-commerce unit of the Indonesian tech giant GoTo, together with TikTok Shop Indonesia, the local division...
TikTok set to restart e-commerce in Indonesia with $1.5 billion ...
WEBDec 11, 2023 · Under the deal, TikTok, which is owned by China's ByteDance, will buy 75.01% of Tokopedia and inject TikTok Shop's Indonesia business into the enlarged Tokopedia entity.
TikTok to Spend $1.5 Billion Taking Over GoTo’s Indonesia Shop
WEBDec 11, 2023 · The agreement, under which GoTo becomes a passive backer of the Tokopedia operation, allows ByteDance to restart its Indonesian business and comply with regulations introduced to halt its...
After Indonesian Curbs on TikTok Shop, ByteDance Pursues E ... - TIME
WEBDec 5, 2023 · An investment in Tokopedia will be a first of its kind for TikTok Shop, the rapidly growing arm of ByteDance’s video service that’s making inroads into online shopping from the U.S. to Europe.
TikTok takes over Indonesia’s Tokopedia in bid to overcome …
WEBDec 11, 2023 · ByteDance-owned TikTok has agreed to invest $1.5 billion (€1.4 billion) in a unit of Indonesia’s GoTo in a deal designed to rescue its shopping business in the country two months after the...
TikTok Takes Over GoTo’s Indonesia Shop in $1.5 Billion Deal (3)
WEBDec 11, 2023 · ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market.
TikTok announces $2 billion deal to restart Indonesia online …
WEBDec 11, 2023 · The agreement, under which GoTo becomes a passive backer of the Tokopedia operation, allows ByteDance to restart its Indonesian business and comply with regulations which were introduced to...
TikTok Shop Indonesia to reopen after $1.5bn deal - BBC
WEBThe firm, owned by China's Bytedance, plans to invest over $1.5bn (£1.2bn) in the long-term in Indonesia's biggest e-commerce platform Tokopedia.
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