Wednesday, May 28, 2025

Indonesia antitrust agency finds risk of monopoly from TikTok's Tokopedia takeover

Indonesia antitrust agency finds risk of monopoly from TikTok's Tokopedia takeoverNew Foto - Indonesia antitrust agency finds risk of monopoly from TikTok's Tokopedia takeover

JAKARTA (Reuters) -Indonesia's antitrust agency said on Wednesday that last year's takeover of the country's biggest e-commerce platform Tokopedia by TikTok carried a risk of monopoly. TikTok, owned by China's ByteDance, in January 2024 completed a deal that was agreed a month earlier to buy 75.01% of Tokopedia for $840 million from GoTo. (Reporting by Dewi Kurniawati; Editing by Martin Petty)

 

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