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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.
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$7 million in October 2023 ...
TikTok had been forced to close its relatively new e-commerce service, TikTok Shop, in Indonesia after the country banned online shopping on social media platforms in September, citing the need to ...
TikTok had been forced to close its relatively new e-commerce service, TikTok Shop, in Indonesia after the country banned online shopping on social media platforms in September, citing the need to ...
First released to the public in September 2017, TikTok is a video-sharing social networking service [80] used to make short-form videos, from genres like dance, comedy, and education. [ 81 ] [ 82 ] On 9 November 2017, ByteDance acquired Shanghai -based social media start-up Musical.ly for up to US$ 1 billion.
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 ...
In July 2023, TikTok launched a new streaming service called TikTok Music, currently available only in Brazil and Indonesia. [110] This service allows users to listen to, download and share songs. [110] It is reported that TikTok Music features songs from major record companies like Universal Music Group, Sony Music and Warner Music Group. [110]