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TikTok and GoTo Combine eCommerce Businesses in Indonesia – PYMNTS.com

TikTok and GoTo Combine eCommerce Businesses in Indonesia – PYMNTS.com

TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia.With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined under the PT Tokopedia entity that is now jointly owned by GoTo and TikTok, the companies said in a Wednesday (Jan. 31) press release. TikTok holds a controlling stake.In addition, TikTok has committed to invest over $1.5 billion in this entity over time, providing the business with… 

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