Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the change-wp-admin-login domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u168781334/domains/cashmycurrency.com/public_html/wp-includes/functions.php on line 6260
TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business

TikTok to Invest More Than .5 Billion in GoTo to Restart Indonesia E-Commerce Business

Updated Dec. 11, 2023 4:29 am ET

Bytedance’s TikTok will invest more than $1.5 billion in a deal with GoTo Group that will allow the Chinese video-sharing app to resume retail operations in Indonesia, one of its most successful e-commerce markets.

The companies said Monday that TikTok Shop Indonesia and GoTo’s Tokopedia e-commerce platform will be combined under the existing Tokopedia entity, with TikTok taking a 75% controlling stake.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Scroll to Top