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TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [2] Daily sales averaged approximately US$7 million in October 2023 ...
In October, TikTok Shop shut down in Indonesia to comply with new rules in South East Asia's biggest economy.
TikTok and YouTube are considering joining Meta in applying for e-commerce licenses in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people ...
Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s ...
This collaboration is a step for TikTok to expand its operations in the Indonesian e-commerce sector, particularly through the TikTok Shop platform. Although TikTok now holds a large portion of Tokopedia's shares, 25% of Tokopedia's shares are still held by GoTo, the corporate group that previously encompassed Tokopedia.
For example, in Indonesia, toko roti means a bakery while a toko kelontong sells daily necessities. In the Netherlands, the meaning has shifted more specifically to refer to Asian shops and takeaway restaurants, which sell mainly Asian food products of which the owners are generally Indo , Native Indonesian , Surinamese , [ 1 ] Chinese , or ...
Indonesia, Southeast Asia's largest economy, is home to some 125 million TikTok users, making it the platform's second largest market after the U.S. ByteDance bet big on the country, choosing it ...
[8] [9] [10] It is one of the largest e-commerce companies in Indonesia and is its fourth startup to become a unicorn. [ 4 ] [ 5 ] [ 6 ] Its initial public offering (IPO) on the Indonesian Stock Exchange was the largest ever at the time, in 2021, when it raised up to US$1.5 billion, though it lost nearly 66% of its market value six months later.