Widodo commented that TikTok should only be a social media platform, not a medium for conducting business. The official decision will likely be formally announced on Tuesday, Sept 26.
Indonesia’s latest regulatory move to separate social media and commerce is a positive development for Sea, according to Citi Research analyst Alicia Yap.
Referring to news reports on Sept 25, Yap notes that president Joko Widodo had convened a cabinet meeting to discuss issues related to e-commerce as well as to address the growing concerns about how TikTok Shop had negatively impacted micro, small and medium sized business in Indonesia.
