Patrick Walujo’s Explanation on the Sale of Tokopedia's Shares to Tiktok
GoTo CEO Patrick Waluyo reveals the story behind the selling of Tokopedia shares to TikTok. How much profit did GoTo get?
Caesar Akbar
January 15, 2024
GOTO Gojek Tokopedia (GOTO) is finalizing the sale of 75 percent of Tokopedia shares to TikTok. TikTok will become Tokopedia’s majority shareholder after paying US$1.5 billion or around Rp23.3 trillion.
The corporate act was announced on December 11, 2023, two months after TikTok Shop—the e-commerce service run by China’s social media platform TikTok—was closed. TikTok Shop’s operations faced a hurdle from Indonesia
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