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TikTok announces $1.5 bn deal to restart Indonesia online shop

Indonesia is one of the biggest e-commerce markets in the world for TikTok

JAKARTA – TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia.

Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants, forcing TikTok to close its online shopping business in October.

It was now set to resume that…

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