TikTok completes deal for Indonesia's top e-commerce platform

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TikTok has completed its deal to take control of Indonesia's biggest e-commerce platform, which has allowed the Chinese social media giant to restart for its online shopping business in the country. Indonesian tech conglomerate GoTo said on Wednesday that TikTok, owned by China's ByteDance, had completed a deal agreed in December to buy 75.01% of Tokopedia for $840 million from the conglomerate. TikTok had been forced to close its relatively new e-commerce service, TikTok Shop, in Indonesia after the country banned online shopping on social media platforms in September, citing the need to protect smaller merchants and users' data.
 
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