Recently, we heard the news that TikTok reentered the Indonesian e-commerce market. TikTok was forced to close its own TikTok Shop e-commerce business in Indonesia in September after the nation passed a law banning online shopping via social media platforms, but TikTok couldn't stay away. This morning the company announced it will buy 75% of GoTo's Tokopedia for $840 million, and then invest hundreds of millions of dollars more building out the e-commerce business -- growing its total investment to $1.5 billion. By combining Tokopedia's strong local presence with TikTok's mass market reach and technological prowess, TikTok will create a new "Indonesian e-commerce champion. Sea Limited, which does 35% of its gross merchandise sales in Indonesia, may face heightened competition. New competit
Target price for SE after TikTok returns to Indonesia?
TikTok has pledged to invest $1.5 billion in a subsidiary under Indonesia's GoTo Group to revive shopping app services in Indonesia. SE dropped 12% during trading hours. ------------------- What's your target price for SE? Is it worth investing or not?
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