TikTok picks up majority stake in Tokopedia, to invest $1.5b in JV with GoTo Group

TikTok picks up majority stake in Tokopedia, to invest $1.5b in JV with GoTo Group

Photo: Tokopedia

ByteDance-owned short video app TikTok is set to take a majority stake in Tokopedia, part of Indonesia-listed digital group PT GoTo Gojek Tokopedia Tbk, as part of a major cooperation between two of the country’s most popular platforms, according to a statement on Monday.

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