U.S. News reports: “JAKARTA (Reuters) -China’s TikTok has agreed to spend $840 million to buy most of Indonesian tech conglomerate GoTo’s e-commerce unit – a move that appears to allow it to restart its online shopping business in Southeast Asia’s largest economy. It also said it will invest further in the business, Tokopedia, which is Indonesia’s biggest e-commerce platform, for a total outlay of $1.5 billion.”
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Applications TikTok Set To Restart E-Commerce In Indonesia With $1.5 Billion Tokopedia Investment
