TikTok to Spend $1.5 Billion Taking Over GoTo’s Indonesia Shop

Bloomberg2023-12-11

Chinese firm will combine its shopping business with GoTo unitTikTok has used Indonesia as template for global shopping pushByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture ...

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Comments

suv
2023-12-11
suv
Low 30s is coming.
Ken3888
2023-12-11
Ken3888
Hopeless Sea
ProsperTTM
2023-12-11
ProsperTTM
SE heading down to usd37 range
selwyn
2023-12-11
selwyn
Thanks

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The managing partner of shareholder Northstar Group is continuing his predecessors’ campaign to reduce losses by slashing jobs, cutting promotions and tightening expense controls.Indonesia is among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia said it is studying the possibility of regulating TikTok and its e-commerce operations. 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