TikTok Taking Over Tokopedia in $1.5 Billion Deal

TikTok Taking Over Tokopedia in $1.5 Billion Deal

Upworthy

Published

TikTok is reportedly investing $1.5 billion in Tokopedia to salvage its Indonesian eCommerce efforts. The company is set to take a controlling 75.01% stake in Tokopedia, the eCommerce arm of Indonesia’s GoTo Group, according to a letter Monday (Dec. 11) to GoTo investors seen by the Financial…

#tiktok #tokopedia #indonesian #ecommerce #indonesia #gotogroup #tiktokshops #pymnts #bytedance #goto

Full Article