Patrick Walujo on Tiktok Shop-Tokopedia

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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