Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited's Shopee and Tokopedia, according to Momentum Works. Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba , is courting sellers affected by Indonesia's latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting on Friday. In recent weeks, Indonesia has cracked down on social media platforms facilitating e-commerce, such as TikTok, in a bid to protect domestic businesses. Indonesia banned social media purchases and set a one-week deadline last week for TikTok to become a standalone app, without any e-commerce feature, or face closure. In response, TikTok Indonesia said Tuesday that it will comply with local laws and stop facilitating e-commerce purchases.

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Persons: Lazada, James Chang, Chang, Joko Widodo Organizations: Works, CNBC, TikTok Locations: Indonesia, TikTok Indonesia