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The deal would reshape the competitive landscape in the country and put rival Sea Group's e-commerce arm Shopee in a “tricky, defensive position", said an analyst.
GoTo boss rejects 'nonsense' claim of govt meddling in TikTok deal
TikTok to invest $1.5B in GoTo's Indonesia e-commerce business
Momentum Works
TikTok takes on Shopee and Tokopedia in Asean ecommerce race
Momentum Works on LinkedIn: #goto #tiktok #ecommerce #indonesia
TikTok Officially Injected U$1.5 Billion Funds Into Tokopedia
TikTok set to restart e-commerce in Indonesia with $1.5 billion
TikTok in talks with Indonesian e-commerce firms about
TikTok to invest $1.5 billion in GoTo's Indonesia e-commerce business
TikTok invests US$1.5B in Tokopedia
Tokopedia launches new warehousing service for merchants