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2023-09-07

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Sea Stock Jumps 5% After Report Says Indonesia Threatens To Block Rival TikTok Shop

US-listed shares of Sea jumped 5.1% on Wednesday after report said Indonesia threatened to block rival TikTok Shop.The Indonesian government is set to follow the lead of India and the United States in

Sea Stock Jumps 5% After Report Says Indonesia Threatens To Block Rival TikTok Shop

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This fits into monopolistic business practices,&#34; Teten said.</p><p style=\"text-align: start;\">Under the same reasoning, Teten urged online trading platforms in Indonesia to avoid selling their own products or those of affiliated companies in order to prevent monopolistic behavior.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Stock Jumps 5% After Report Says Indonesia Threatens To Block Rival TikTok Shop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Stock Jumps 5% After Report Says Indonesia Threatens To Block Rival TikTok Shop\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-09-07 11:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>US-listed shares of Sea jumped 5.1% on Wednesday after report said Indonesia threatened to block rival TikTok Shop.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c10f63ed85fb08e8fd2deacd456eac26\" tg-width=\"560\" tg-height=\"240\"/></p><p>The Indonesian government is set to follow the lead of India and the United States in prohibiting social media platform TikTok from engaging in e-commerce activities within the country, Jakarta Globe reported.</p><p>The plan is based on concerns of potential business monopoly, a senior official said on Tuesday.</p><p>TikTok has its own digital payment system and logistical support, and allowing it to run e-commerce operations could harm local businesses, Cooperative and SME Minister Teten Masduki said in a statement.</p><p style=\"text-align: start;\">&#34;India and the United States have banned TikTok from simultaneously operating its social media and e-commerce businesses, while in Indonesia, TikTok is currently free to do both,&#34; Teten said.</p><p>The minister cited research suggesting that TikTok has integrated online shopping features that impact social media interactions. 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This fits into monopolistic business practices,&#34; Teten said.</p><p style=\"text-align: start;\">Under the same reasoning, Teten urged online trading platforms in Indonesia to avoid selling their own products or those of affiliated companies in order to prevent monopolistic behavior.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179884305","content_text":"US-listed shares of Sea jumped 5.1% on Wednesday after report said Indonesia threatened to block rival TikTok Shop.The Indonesian government is set to follow the lead of India and the United States in prohibiting social media platform TikTok from engaging in e-commerce activities within the country, Jakarta Globe reported.The plan is based on concerns of potential business monopoly, a senior official said on Tuesday.TikTok has its own digital payment system and logistical support, and allowing it to run e-commerce operations could harm local businesses, Cooperative and SME Minister Teten Masduki said in a statement.\"India and the United States have banned TikTok from simultaneously operating its social media and e-commerce businesses, while in Indonesia, TikTok is currently free to do both,\" Teten said.The minister cited research suggesting that TikTok has integrated online shopping features that impact social media interactions. 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