JAKARTA, Indonesia (AP) — TikTok said it will halt its online retail operation in Indonesia on Wednesday to comply with the country’s decision to ban e-commerce transactions on social media platforms — a big blow to the video platform's fastest-growing market. The Chinese-owned video sharing app said in a statement it will stop facilitating e-commerce sales in TikTok Shop Indonesia by 5 p.m. Wednesday. “Our priority is to remain compliant with local laws and regulations,” said the statement released Tuesday on its website. Political Cartoons View All 1196 ImagesA week before the ban was announced, Southeast Asia’s largest wholesale market, Tanah Abang, came under inspection. But the company said it will respect the regulations and “will take a constructive path forward."

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Persons: — TikTok, ”, Zulkifli Hasan, Sellers, TikTok, China’s ByteDance Organizations: Indonesia’s Trade, Trade Ministry, Cooperatives, Enterprises, TikTok Locations: JAKARTA, Indonesia, Indonesian, Shop, Abang, Jakarta, TikTok Indonesia, Asia, Beijing, United States, Britain, New Zealand