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Sea Gains $3 Billion After TikTok’s Retail Ambitions Take a Hit – Bloomberg

Sea Gains $3 Billion After TikTok’s Retail Ambitions Take a Hit – Bloomberg

Sea Gains $3 Billion After TikTok’s Retail Ambitions Take a Hit – Bloomberg Indonesia is the first and largest market for TikTok Shop.Photographer: Ore Huiying/BloombergSea Ltd. gained a further 5% after Indonesia introduced sweeping regulations that will curb arch-foe TikTok’s efforts in Southeast Asia’s biggest e-commerce arena.Singapore-based Sea, whose Shopee dominates regional online commerce, has gained more than 17% or $3.4 billion of market value since Jakarta officials first outlined rules this week prohibiting social commerce companies from facilitating direct e-commerce payments on their platforms. Up NextTikTok’s E-Commerce Ambitions Dealt Blow as Indonesia Adds Curbs 

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