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 (Olivia Poh/Bloomberg)

December 11, 2023

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Olivia Poh / Bloomberg:

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 — – Chinese firm will combine its shopping business with GoTo unit — TikTok has used Indonesia as template for global shopping push

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