Shulou(Shulou.com)12/24 Report--

Thanks CTOnews.com net friend aviation gentleman, west window old things clue delivery! CTOnews.com December 5 news, In September this year, Indonesia believes that "E-commerce platform can not become social media," And announced the ban "Like TikTok" Social media platform to provide "Direct sales transactions."

This means that Indonesian users cannot "live" through TikTok, and TikTok Shop has been shut down in Indonesia.

To overcome regulatory obstacles, TikTok needs to partner with local e-commerce companies. TikTok has reached a cooperation agreement with Indonesian technology company GoTo to jointly develop its e-commerce business, Bloomberg and other media reported.

TikTok will invest in a subsidiary of GoTo Group and work with it on e-commerce, people familiar with the matter said. TikTok has largely agreed to work with GoTo's Tokopedia platform in several areas.

The two sides plan to announce details of the partnership as early as next week, people familiar with the matter said, asking not to be named until the deal is formalized.

Southeast Asia market has long been a "fat meat" closely watched by cross-border e-commerce platforms due to its large population and developed electric commerce, among which Indonesia market is the largest one.

TikTok CEO Zhou was funded in June this year at the first TikTok Southeast Asia Impact Forum, saying that he would re-invest in Southeast Asia market: invest more than US $12 million in Southeast Asia market in the next three years (CTOnews.com Note: currently about RMB 85.68 million) to support more than 120,000 local merchants and enterprises.

Zhou also revealed at the time that TikTok had about 8000 employees in Southeast Asia and more than 325 million monthly users, covering nearly half of Southeast Asia's population, 125 million of whom came from Indonesia.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.