Tokopedia sellers say Tokopedia's strengths have eroded since its TikTok Shop merger in Indonesia, driving thousands of sellers to join rivals, including Toco
restofworld.org/2025/tiktok- ... [image] @restofworld.org : As TikTok looks to change course to comply with U.S. laws, a similar experiment in its second-largest market is unraveling. — New: restof...
Sources: TikTok Shop cuts several hundred jobs in Indonesia, leaving Tokopedia and TikTok Shop with ~2,500 employees in the country, down from ~5,000 last year
Olivia Poh / Bloomberg :
GoTo, which operates Gojek and is a part owner of e-commerce company Tokopedia, reports adjusted EBITDA of $23.5M for 2024, its first annual profit
A. Anantha Lakshmi / Financial Times :
A look at TikTok-owned Tokopedia's sprawling e-commerce logistics network for delivering goods across Indonesia, a country of 270M people and 17,000 islands
New York Times :
Sources detail how TikTok struck a deal with GoTo to buy a ~75% stake in Tokopedia for $840M, letting TikTok restart TikTok Shop in Indonesia in December 2023
Agata Pinastika Kenastuti's children's clothing shop in Jakarta, Indonesia, was full of inventory when TikTok Shop shut.
GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo's Tokopedia, on ~$933.6M in net revenue
Nana Shibata / Nikkei Asia :
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...
TikTok plans to invest $1.5B in a joint venture with GoTo, aiming to comply with regulations in Indonesia so that TikTok can restart its shopping service there
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...
Momentum Works: Southeast Asia's e-commerce GMV hit $99.5B in 2022, up 1.8x from 2020; Shopee accounted for $47.9B, Lazada for $20.1B, and Tokopedia for $18.4B
almost half was from Shopee
Sources: Indonesia's GoTo raises ~$1.1B in its IPO at 338 rupiah per share; 10 other companies have raised about $172M through Jakarta IPOs in 2022, up 30%+ YoY
Bloomberg : Tweets: @markets Tweets: @markets : GoTo, an Indonesian startup giant, formed by the combination of ride-hailing company Gojek and e-commerce firm PT Tokopedia, raised about $1.1 billion,...