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 :
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.
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...
Ride-hailing giant Gojek and e-commerce marketplace Tokopedia say they have merged to form GoTo Group, the largest tech group in Indonesia
Ride-hailing giant Gojek and marketplace Tokopedia said on Monday they have combined their businesses to form GoTo Group, the largest technology group in Indonesia.
Sources: no deep integration between Facebook and Gojek nine months after the $300M investment; source says Gojek's planned merger with Tokopedia is a factor
Mercedes Ruehl / Financial Times :
Sources: Google and Singapore's state investment firm Temasek have agreed to invest $350M in Indonesia's largest e-commerce marketplace Tokopedia
Yoolim Lee / Bloomberg : Tweets: @restyworo Tweets: Resty Woro Yuniar / @restyworo : The financing falls short of the initial goal of between $500 million to $1 billion that Bloomberg News reported i...
Alibaba leads $1.1B investment in Indonesia-based e-commerce firm Tokopedia
Jon Russell / TechCrunch :