TikTok plans to invest $1.5B and take a 75% stake in GoTo's e-commerce unit Tokopedia, part of a deal that lets TikTok restart its shopping service in Indonesia
https://lnkd.in/g6FC2myN Fabian Moa / Fabian Moa, CFA, FRM, CTP, FMVA, AFM : The recent strategic alliance between GoTo and TikTok presents a fascinating blend of opportunities and risks for investors. … Sheji Ho : So now all 3 major ecommerce platforms in Indonesia — Shopee, Lazada, and Tokopedia — controlled by Chinese companies? Jeremy Ang C. H. : Thoroughly thrilled about this... TikTok X GoTo Group. It's only the start of the week and ideas are already kicking sparks. Let's take this to the next stage! … Rudy A. Dalimunthe : Another big milestone for all of us and exquisite way to wrap up 2023. Let's continue a big giant steps in growing Indonesian SMEs and local products! …
Bloomberg Olivia Poh
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- what has not been solved by money is supposed to be solved with lots of money eventually — https://lnkd.in/g6FC2myN Ngoc Tran
- The recent strategic alliance between GoTo and TikTok presents a fascinating blend of opportunities and risks for investors. … Fabian Moa, CFA, FRM, CTP, FMVA, AFM
- So now all 3 major ecommerce platforms in Indonesia — Shopee, Lazada, and Tokopedia — controlled by Chinese companies? Sheji Ho
- Thoroughly thrilled about this... TikTok X GoTo Group. It's only the start of the week and ideas are already kicking sparks. Let's take this to the next stage! … Jeremy Ang C. H.
- Another big milestone for all of us and exquisite way to wrap up 2023. Let's continue a big giant steps in growing Indonesian SMEs and local products! … Rudy A. Dalimunthe
Discussion
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@kenvinsung
@kenvinsung
on threads
It's official! $GOTO to join forces with TikTok! To my surprise, TikTok actually decided to hold controlling stake of Tokopedia (75% shares). Essentially making it the new PSP. TikTok Shop will return & be fully managed under Tokopedia. Again, I see this as win for both comp…
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@leeroyting
Leeroy Ting
on x
Indonesia's GoTo group is set to become the biggest winner from the Indonesian Government's ban of TikTok Shop as TikTok is set to invest USD 1.5 billion for a controlling stake in Tokopedia. (1/7) [image]
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@stanleywidianto
Stanley Widianto
on x
TikTok will take a controlling stake in an e-commerce unit of Indonesia's biggest tech firm PT GoTo Gojek Tokopedia (GOTO.JK), a partnership that will see the short video app invest $1.5 billion over the long term, the two companies said Monday. https://www.reuters.com/...
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@macastel3
Marco Castelli
on x
Interesting that TikTok, after been forced to close its e-commerce service, TikTok Shop, in Indonesia just acquired 75.01% of Tokopedia and inject TikTok Shop's Indonesia business into the enlarged Tokopedia entity. Unstoppable. https://www.reuters.com/...
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@marikakatanuma
Marika Katanuma
on x
This TikTok and GoTo's new deal allows ByteDance to restart its Indonesian business while complying with regulations introduced to halt its online-retail service.. So far the authority seems ok with it. GoTo now fell its more since listing in 2022.
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@kepspxbghvs
@kepspxbghvs
on x
A successful tie-up with a savvy local operator could provide a model for TikTok as it pursues expansion in other SEA markets such as Malaysia, where the government has also signaled a willingness to review the influence of overseas players like TikTok. https://www.bloomberg.com/…