TikTok spends 800 plus million to buy 75% stake in Tokopedia, so Tokopedia only worth 1.1B?
Tokopedia is still operating cash flow negative, it probably running out cash soon to need that 1.5B injection from Tik Tok.
Shopee is operating cash flow positive, with 3.2B in cash, so see if it can maintain market share while still being operating cash flow positive.
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