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Companies 2 months ago
PREMIUM
Some 200 Tokopedia staff leave TikTok amid restructuring
The workers opted to accept compensation packages offered by Tokopedia-owner TikTok rather than being laid off, Deputy House of Representatives Speaker Sufmi Dasco Ahmad said during a meeting called to clarify reports of mass layoffs.
Companies 9 months ago
PREMIUM
GoTo shares soar as govt confirms Grab merger talks
The homegrown tech giant saw a surge in shares on Monday morning after the state secretary's statement on Friday, which revealed the government was discussing a potential merger between GoTo and rival Grab in relation to a new ojol regulation currently being drafted
Opinion 1 year ago
PREMIUM
Analysis: KPPU flags monopoly risk in TikTok-Tokopedia merger
Concerns over predatory pricing and unfair competition in Indonesia’s e-commerce landscape have resurfaced following the preliminary findings presented during Initial Commission Hearing on May 27, 2025, at the Business Competition Supervisory Commission (KPPU) office. The commisison revealed a notable increase in market concentration after TikTok’s acquisition of Tokopedia, raising the risk of monopolistic practices such as tying, bundling, and the influx of low-cost, illegally imported goods onto the Tokopedia platform.
Companies 2 years ago
Has ASEAN economic integration empowered regional champions?
With the global trade map being redrawn as companies look to diversify away from a reliance on single-source supply chains, cumulative ASEAN trade along major corridors is expected to grow by US$1.2 trillion in the next ten years.
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