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As TikTok and Tokopedia progress ever closer to completing their system migration, different interpretations still appear to remain in implementing Trade Minister Regulation No. 31/2023 on e-commerce.
TikTok and Tokopedia have made headway in their integration process as the Trade Ministry reveals the two companies’ e-commerce collaboration, the “Shop | Tokopedia” application, complies with Trade Ministry Regulation No. 31/2023.
The Ministry of Trade (MoT) has recently unveiled a noteworthy announcement pertaining to the ongoing integration process of the TikTok Tokopedia system. According to MoT, this integration process has now reached a milestone, with three-quarters of the journey completed. This essentially means that the transition or migration process from the previous system to the new one is now 75 percent finalized, while the entire migration process was slated for completion by April.
GoTo CEO Patrick Walujo has dismissed allegations that the government’s recent curbing of TikTok’s operations in Indonesia was a collusive act intended to compel the Chinese short-video platform to strike a deal with the Indonesian tech giant’s e-commerce arm, Tokopedia.
Chinese social media app TikTok’s reentry into the Indonesian e-commerce market, through its purchase of a 75 percent stake in homegrown e-commerce platform Tokopedia, means entities with majority foreign ownership now command about 86 percent of the local e-commerce market.
Chinese tech firm ByteDance’s social media subsidiary TikTok has bought a controlling stake in Tokopedia, Indonesian tech company GoTo Gojek Tokopedia’s electronic commerce (e-commerce) platform. The corporate action led to the reentry of TikTok’s integrated online shopping service TikTok Shop after it was booted from Indonesia by a ministerial regulation that bans social commerce (s-commerce). The transaction looks set to be a major shift in the Indonesian online retail market, but it also raised concerns about foreign firms’ domination.
The Cooperatives and Small and Medium Enterprises (SMEs) Ministry has issued a stern warning to video-streaming platform TikTok, demanding compliance with rules that prohibit social media platforms from offering e-commerce transactions.
