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TikTok combines TikTok Shop Indonesia with GoTo’s Tokopedia, to invest over US$1.5 bil in the enlarged entity

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
TikTok combines TikTok Shop Indonesia with GoTo’s Tokopedia, to invest over US$1.5 bil in the enlarged entity
TikTok will take a controlling stake in the enlarged entity. Photo: Bloomberg
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Internet giant GoTo has formed a strategic partnership with social media platform TikTok to drive long-term growth for Indonesia’s micro small medium enterprises (MSME) sector as well as the country’s digital economy as a whole. 

As part of the agreement, GoTo’s e-commerce subsidiary Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity, in which TikTok will take a controlling stake. 

The shopping features within the TikTok app in Indonesia will be operated and maintained by the enlarged entity.

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