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Top related persons:
Dado Ruvic - 1 GoTo's Tokopedia - 1 TikTok - 1 Tokopedia - 1 Isy Karim - 1 Isy - 1 Stanley Widianto - 1 Fanny Potkin - 1
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REUTERS - 1 Rights - 1 Meta - 1 Momentum Works - 1 TikTok - 1 Thomson - 1

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☆ Exclusive: TikTok, YouTube, Meta eye Indonesia e-commerce licenses- sources
  + stars: | 2023-10-26 | by ( Stanley Widianto Fanny Potkin | Stanley Widianto | Fanny Potkin | ) www.reuters.com   time to read: +3 min
With a population of more than 270 million, Indonesia generated nearly $52 billion in e-commerce transactions last year, according to data from consultancy Momentum Works. TikTok is holding talks for potential partnerships with local e-commerce players, including GoTo's Tokopedia, while building a standalone TikTok Shop app for Indonesia, the people said. Until TikTok Shop stopped operations in Indonesia this month, it was delivering about 3 million parcels a day in Indonesia, two sources said. Alphabet's (GOOGL.O) YouTube is also planning to apply for an e-commerce license, two sources said, without specifying the type of permit planned. TikTok and YouTube's plans to apply for e-commerce permits in Indonesia have not been previously reported.
Persons: Dado Ruvic, GoTo's Tokopedia, TikTok, Tokopedia, Isy Karim, Isy, Stanley Widianto, Fanny Potkin, William Mallard Organizations: REUTERS, Rights, YouTube, Meta, Momentum Works, TikTok, Reuters, Facebook, Thomson Locations: Rights JAKARTA, Indonesia, Southeast, Southeast Asia, U.S, Indonesian
☆ TikTok to invest billions of dollars in Southeast Asia, CEO says
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: +1 min
Short video app TikTok, owned by China's ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security. Southeast Asia, a region with a collective population of 630 million — half of them under 30 — is one of TikTok's biggest markets in terms of user numbers. "We're going to invest billions of dollars in Indonesia and Southeast Asia over the next few years," TikTok CEO Shou Zi Chew said at a forum it organised in Jakarta to highlight the social and economic impact of the app in the region. TikTok did not provide a detailed breakdown of the spending plan, but said it would invest in training, advertising and supporting small vendors looking to join its e-commerce platform TikTok Shop. Chew said content on its platform was becoming more diversified as it adds more users and expands beyond advertising into e-commerce, allowing consumers to purchase goods through links on the app during livestreaming.
Persons: China's ByteDance, Alibaba's, Shou Zi Chew, Chew Locations: Southeast Asia, Sea's, Indonesia, Jakarta, TikTok
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