Indonesia Antitrust Agency Finds Risk of Monopoly from TikTok's Tokopedia Takeover

E-COMMERCE - JAKARTA. Indonesia's antitrust agency on Wednesday said last year's takeover of the country's biggest e-commerce platform Tokopedia by TikTok carried a risk of monopoly.

TikTok, owned by China's ByteDance, in January 2024 completed a deal to buy 75.01% of Tokopedia for $840 million from GoTo.

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